Verge (XVG) Update

Even with the partnerships made and the probable ones to be signed, Verge (XVG) continues to react negatively to the market, we can see from the graph that a short downtrend has started. With this, I can anticipate two probable movements in the short-medium term for verge (XVG):

1 ° The bulls have gained strength and will cause the coin to search for values ​​around the 845 Satoshis. After this, a likely readjustment will start to fetch higher prices.

2° Bears continued to press bulls and prices will continue to fall, which in my view is most likely among the two possible occurrences. With the fall, prices will fetch values ​​around the 564 Satoshis. If we consider the current scenario for the future, a decrease to values ​​lower than 564 Satoshis should not occur, because the buying force is higher than the sale in that area.

Note: Due to the short-medium term, one of the probable occurrences will only take place within a few days. There is a possibility of recovery of the BTC within the next week, something that would make the first scenario succeed. In addition, everyone should be aware that despite the fall Verge has a bright future ahead and not succeeding to say that will be one of the best known in a few years.