The crypto space is still with fear and daunt for many, especially the newbies. Despite the 24 hours market gain, Bitcoin (BTC) has been trending low in a descending channel in the last 11/2 hours, and it is trending towards the Fibonacci retracement level or the $3,400 area. Nevertheless, Verge (XVG) cryptocurrency has been tipped of a bullish run after it was integrated by an online clothing platform.
According to an update by a motocross athlete who is a Verge (XVG) rider, Danny Robertson, plugins have been initiated on the new platform, MX4lifeonline, for the acceptance of four cryptos which includes BTC, LTC, ETH, and XVG.
The update further stated that Verge (XVG), amongst the four cryptos, is its favorite.
About MX4LIFE Apparel Clothing Brand
With great passion for Motorcross, MX4LIFE kick started with a Logo (4) for MX Racer Danny Robertson. At the moment, MX4LIFE has now become an apparel clothing company.
MX4LIFE’s mission still remains racing Motocross, and they intend sharing their passion with all that have desire for MX.
Bullish Hints: Verge (XVG) Price Analysis
After the release of the update in the last 17 hours, Verge Cryptocurrency has been getting tips for a bullish run despite the insignificant recovery gesture from the entire market.
In the last 2 hours, Verge (XVG) has been trending high on an ascending path, and it is testing the resistance level for an expected break through. The trend lines are facing the north despite the fact that the support level has dropped a little lower from $0.00628 to $0.00615.
While Verge dropped to Fibonacci retracement level around $0.00615, the altcoin seems to be trending line up with 50% Fibonacci retracement level or $0.006205 areas.
Verge (XVG) has so far climbed above the 100 SMA dynamic inflection point to signal that bullish tempo is really around the corner.
Verge (XVG) should soon witness a strong recovery amid the adoption and this could spur a move as high as $0.009.