XVG Will Bears turn to Bulls?

The cash has experienced good and bad times in the market a week ago. The money began with this week with $0.004269 at 10:24 UTC and the market capitalization of the cash is $68,097,074 on Monday 22nd September. On Tuesday, the money drifting between the estimations of $0.0039 to $0.0041, anyway the cash experience bearish weight on Wednesday and the money's worth reach up to the estimation of $0.003293 at 10:24 UTC.

On Thursday, the estimation of cash again began to wait between the value scope of $0.0031 to $0.0034 and on Friday, the money worth was somewhat steady around the estimation of $0.0032. On Saturday, the money arrived at the estimation of $0.003529 at 16:24 and the market capitalization of the cash was $56,329,212, however the money doesn't remain there for long. Then again, the money esteems again began to exchange between the scope of $0.0031 to $0.0033 on Saturday and Sunday.

Verge Price Analysis and Technical Analysis: As we notice that the cash is moving with the bullish development in the market, yet the money can't break out the SMA of 10-day and 20-day. The moving midpoints are indicating solid sell flag in the market. The estimation of RSI is 36 and it is indicating neither green nor red sign and stays nonpartisan. Then again, MACD of the 12 and 26 levels are in the red zone and the sell sign is on.

News Source: TheCoinRepublic
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