In this Verge technical analysis, we will examine the current price action, trading volume, key levels and indicators for XVG-USDT. Verge is a fast and secure cryptocurrency that utilizes an innovative mining algorithm called “Tor-based mining” to ensure decentralization and protection against 51% attacks. With its focus on privacy and anonymity, Verge has gained popularity among users seeking enhanced financial security and freedom. Additionally, Verge’s scalability features enable it to process a high volume of transactions per second, making it an attractive option for merchants and businesses looking to adopt cryptocurrency payments.
Verge Price Overview:
As of July 05, 2024, Verge is trading at approximately 0.00347 USDT. Let’s dive into the detailed price action for XVG-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00351 |
| High (H) | 0.00352 |
| Low (L) | 0.003 |
| Close (C) | 0.00347 |
| Volume (C) | 551,079,569.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00351 USDT.
- High (H): Verge reached a daily high of around 0.00352 USDT.
- Low (L): The daily low for XVG-USDT was approximately 0.003 USDT.
- Close (C): At the time of analysis, Verge is trading near its daily close of 0.00347 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.03% |
| 3D Change (%) | -17.63% |
| 7D Change (%) | -16.46% |
| 30D Change (%) | -42.71% |
| 90D Change (%) | -59.06% |
| YTD Change (%) | -12.46% |
Over the past three days, XVGUSDT has dropped by approximately -17.63%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -16.46%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XVGUSDT maintaining a downward trend of approximately -42.71%, despite intermittent fluctuations. Examining the last 90 days, XVGUSDT has witnessed substantial decrease of approximately -59.06%, reflecting strong long-term confidence. Year-to-date, XVGUSDT has steadily depreciated by around -12.46%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Verge Live Chart:
You can access a live price chart for XVG-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.74856.
- Momentum score is -0.2822.
XVG USDT Technical Analysis
Verge Trading Volume:
The trading volume for Verge (XVG) over the past 24 hours has been significant, with approximately 551,079,569.00 USDT traded against XVG. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): XVG is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Verge is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for XVG-USDT is currently in the low zone, around 37.23259. This suggests that Verge is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Verge (XVG-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Anticipate potential setbacks for Verge (XVGUSDT) at 3.47e-03 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.