Soon, crypto lovers might begin to wallow in success as some coins in the market table have begun redressing the market situation with their performance today, giving most of their lovers hope that the future is bright.
Verge (XVG) and Nano (NANO) seems to be bringing reform to the crypto market after the unbelievable deep that was witnessed in 2018. Even though 2018 was extremely depressing, many are optimistic that the year 2019 would be full of turn around as most cryptographic projects have started gearing up their activities in the space.
The two coins are now forming solid support at higher prices owing to a redeemable bounce back from them.
In the last few days, the likes of bitcoin, ripple, Ethereum, bitcoin cash, litecoin and some other altcoins have been witnessing a slight but steady decline in the market. Contrary to that Nano and Verge have rather been on the upside trend or maintaining support around their resistance mark.
Verge (XVG) On The Rise Since January 20th
Around the early hours of the Asian trading session on 20th of January, Verge (XVG) began its journey for the pinnacle, rising with a force that signals resistance to all impeding factors.
XVG/USD trade pair, throughout the next day (21th of January) still maintained $0.0064 support level even though it was testing its potential for the ceiling. Later Verge crossed the $0.00668 resistance level at the start of January 22nd with a better tempo on the upside trend.
Since then, Verge (XVG) has been maintain a steady rise in the market, exceeding the $0.0068 resistance level for another one at late North American trading session.
With an unforfeitable zeal for the top, Verge (XVG) witnessed a mammoth and rapid up-rise in the market at mid-European trading session today, which lifted the value of the coin above $0.0072 mark.
Nano (NANO) Using All Recipe To Breakout Of Deep
After annulling the 2018 lawsuit which truncated most of its plans, Nano (NANO) blockchain technology began churning out series of developments that would likely assist it in regaining its past glories.
Nano displays that it has not been left out in the cold, and it is amongst the coins that would possibly bring change to the crypto market. According to Coinmarketcap, Nano has added more than 10% to its value in the last 24 hours.
Similarly, Nano has been on the rise since January 20th. Looking at the 3 days market chart, Nano has since that period broken out of its resistance mark three time to form a new support before reaching its present position – around $1.
On a final note
While most coins are still yet to find a solid balance in the market, there are great possibilities that Verge (XVG) and Nano (NANO) might help push the market out of its dire state.
Market Data by Trading View