Verge (XVG) Builds Strong Support: Could $0.06797 Be the Target?

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Crypto Traders are Still Bullish for September

  • Verge (XVG) is building consistent higher lows, signaling strong support levels in the current market.
  • Technical indicators align with a potential rise to the $0.06797 target, suggesting significant bullish potential.
  • Verge’s price movement follows historical breakout trends, with a projected 228% price increase in the near future.

Verge has continued its upward momentum, forming another series of higher lows, which may lead to a sharp increase in price. Historical price patterns indicate that such formations have often resulted in strong breakouts. 

Higher Lows Indicate Strong Support Levels

According to market observations,  Verge is now positioned for a potential move toward the first overall breakout target of $0.06797. This setup could trigger a rise of at least 228%, pushing XVG into a significant bullish phase.

Javon Marks’s analysis presents Verge (XVG) price movements with a clear Elliott Wave pattern. The market shows a downtrend followed by multiple corrective waves. A projected upward move is indicated with two target levels. 

Source: Javon Marks (X)

The price structure suggests a series of impulse and corrective waves forming a bullish outlook. The chart includes Fibonacci-based target levels for future price action. The recent price action shows XVG maintaining a pattern of higher lows, confirming consistent buying pressure. 

This suggests that market participants are preventing the price from falling below key support levels. As demand strengthens at each low, it builds the foundation for an upward move. If this trend continues, XVG could experience another leg up, following its historical breakout trends.

Verge (XVG) Potential Upside and First Target of $0.06797

The price structure points to a possible wave up, bringing XVG closer to the $0.06797 breakout target. Based on recent movements, this would represent an increase of at least 228% from current levels. 

If XVG reaches this level, it may further reinforce the bullish sentiment in the market. However, sustained momentum and increased trading volume would be crucial factors in determining whether XVG can maintain its trajectory.
XVG’s price action aligns with technical indicators that have previously led to substantial rallies. The current structure suggests that buyers remain in control, supporting the ongoing bullish pattern. If market conditions remain favorable, another higher high is possible.

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