- Bullish Verge price prediction ranges from $0.043 to $0.095.
- XVG price might also reach $0.3 soon.
- XVG bearish market price prediction for 2021 is $0.017.
- Verge (XVG) is a privacy-focused digital asset.
This 2021 Verge (XVG) Price Prediction article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration to come up with our XVG price prediction and analysis.
There are many cryptos that spiked to a new all-time high during this 2021 bull run. In contrast, some crypto had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold for a good price or sell their digital assets. This might be the same scenario for some XVG traders and investors.
Moreover, the crypto market is consolidating lately, and most cryptos are losing their previous gains. Is the scenario the same with XVG price? We’ll find out shortly in this XVG price analysis 2021 article. But first, let’s have a look at what XVG is.
What is Verge (XVG)?
Verge is a privacy-focused digital asset and blockchain that seeks to offer a fast, efficient, decentralized payment network that improves upon the original Bitcoin (BTC) blockchain.
Furthermore, it includes additional privacy features including integrating the anonymity network Tor into its wallet, called vergePay. In addition, Verge provides the option of sending transactions to stealth addresses. The project is community-driven, relying on volunteers and priding itself on being open source.
Now that we have an idea about what Verge is, do you think XVG will be profitable in 2021? Join me and let’s take a look at some charts in this XVG price analysis and XVG price prediction.
XVG Current Market Status
As of the time of writing this Verge price analysis, XVG trades at $0.03978 with a 24-hour trading volume of $39,600,711. The price of XVG has increased by 3.74% in the last 24 hours.
Now, let’s proceed to the next part of this XVG technical analysis for 2021.
XVG Price Analysis 2021
Currently, Verge holds the 109th place on CoinGecko. But will the latest upgrades, development, and changes in the XVG blockchain help the cryptocurrency’s price to reach higher? Let’s proceed to the charts in this XVG price prediction article.
In the chart below, which is set in a daily time frame, we can see the Bullish Flag pattern. Moreover, the Bullish flag pattern indicates strong uptrends. However, they are called bull flags because the pattern seems like a flag on a pole.
As shown above, at the beginning of this month, XVG turned from its bear to bull trend. This is the result of the high trade volume that occurred in that period.
The Relative Strength Index (RSI) is at 70.9, which means that XVG is in an overbought state. Hence, this may lead to a price reversal at any given time.
Therefore, traders must trade digital assets carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of XVG.
Since the start of 2021, XVG’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, corrections, and consolidations right away. Taking this into consideration, XVG has a competitive market in 2021.
XVG Price Prediction 2021
The chart below shows that Verge has performed great over the past few days. Moreover, the XVG price is up over 56% in the last 7 days. If this trend continues, XVG might run along with the bulls, overtaking its $0.095 resistance level and climb higher.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone XVG from its uptrend position. In simpler terms, the price of XVG might plummet to almost $0.017, a bearish signal.
Meanwhile, our long-term XVG price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.3 this year. However, that will only happen if it breaks many previous psychological resistances.
Verge has a bright future ahead of it in 2021. With the ongoing developments happening within the XVG ecosystem, as well as in the overall crypto market, we may see XVG reach new heights.
Bullish XVG price prediction 2021 is $0.095. As said above, it may even reach $0.3 if investors have decided that XVG is a good investment for 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Verge is a privacy-focused digital asset and blockchain that seeks to offer a fast, efficient, decentralized payment network.
Users can obtain XVG tokens by purchasing them from cryptocurrency exchanges such as Huobi Global or Binance.
XVG is a good investment in 2021. However, XVG has a high possibility of surpassing its current ATH at about $0.3 this year.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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