๐จ $XVG Price Update โ Major Resistance Alert!
#Verge (#XVG ) just hit a roadblock at the MA200 (green line) at $0.01248, triggering a rejection and pulling the price lower. With the horizontal resistance at $0.01366 still untouched, bulls need to step up! ๐
๐ Key Levels on the Chart:
MA200 (green): Acting as a strong resistance at $0.01248, capping the recent upward move.
MA99 (purple): Positioned at $0.01161, serving as mid-term support.
MA25 (pink): Providing short-term support at $0.01133, but bears are testing its strength.
๐ What is Verge ($XVG)?
Verge is a privacy-focused cryptocurrency designed for secure, anonymous transactions using technologies like Tor and stealth addressing. ๐ It offers fast, low-cost payments while maintaining user privacyโperfect for those who value confidentiality in their transactions.
โก Whatโs Next?
Bullish Scenario: A breakout above the MA200 ($0.01248) and the resistance at $0.01366 could spark a rally toward $0.015 or higher.
Bearish Scenario: Losing support at the MA25 ($0.01133) might lead to further downside, testing lower levels below $0.01100.
๐ Verge traders, the MA200 rejection is a warning signalโwill the bulls make a comeback, or will the bears tighten their grip? Keep your eyes on this! ๐
