This XVG/USD triangle is even nicer than the XVG/BTC pair. I know, everywhere FUD and some disappointed buyers. But, Verge did an 3000% bullrun and deserves this correction. The FUD is gone, could not stop the continous growth, it just delay or postponed a few days. Makes the support even stronger, thats why FUD never worked out in longterm.
The tradingvolume was for a few weeks permanently higher than 20%, (sometimes 50%, actual 28%) of its marketcap. Simple math, already after 5 days all coins rotated once, the ones not willing to hold the coins are already in strong hands to hold it even longer. People who doubt verge are already out, the people who gained 30x are mostlikely out as well, the ones who did not sell till now, will not sell until we reach >=1$. The support ist strong and due to high volume each day a little higher.
Do not forget, each sell is an buy as well and will most likely not be sold at loss.
The tradingvolume was for a few weeks permanently higher than 20%, (sometimes 50%, actual 28%) of its marketcap. Simple math, already after 5 days all coins rotated once, the ones not willing to hold the coins are already in strong hands to hold it even longer. People who doubt verge are already out, the people who gained 30x are mostlikely out as well, the ones who did not sell till now, will not sell until we reach >=1$. The support ist strong and due to high volume each day a little higher.
Do not forget, each sell is an buy as well and will most likely not be sold at loss.
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