$XVG /USDT – Bullish Momentum Building Up
Verge ($XVG ) is showing strong bullish signals, with price action now trading above all major moving averages (MA 7, 25, and 99). The recent breakout from the consolidation zone, supported by high volume (2.05B XVG), confirms growing buying pressure.
Key Technicals:
Current Price: 0.006187 USDT
24h High: 0.006444 USDT
Support Zone: 0.005500 – 0.005150
Resistance Zone: 0.006444 – 0.007000
Entry Point:
➡️ 0.006200 (Market entry or on slight pullback)
Target Levels:
🎯 Short-Term: 0.006800
🎯 Mid-Term: 0.007500
🎯 Extended: 0.008500
Stop-Loss:
🔻 0.005450 (Below recent support and 25-day MA)
Analysis:
Bullish trend confirmed by price crossing above all key MAs
Strong volume backs the upward move
Momentum indicators (not shown here) likely signaling strength
Traders should watch for sustained movement above 0.0064, which may lead to a continuation of the breakout. This setup offers a favorable risk-to-reward ratio if momentum holds.
Always manage risk according to your strategy and stay updated on market developments.
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