Summary:
Verge (XVG) has spent nearly 7 years forming a massive symmetrical triangle on the 1-Month timeframe, compressing between a long-term ascending trendline dating back to 2015 and a multi-cycle descending resistance from the 2017 blow-off top. With privacy coins regaining momentum over the past two months, XVG is approaching a structural apex that historically precedes large expansions in this asset class.
Price is currently sitting just above the long-term trendline and pressing into tightening monthly range highs, with both EMAs flattening — a sign of equilibrium before resolution.
📌 Technical Breakdown
1. Multi-Year Symmetrical Triangle
Ascending support holds strong since 2015, tested numerous times.
Descending macro resistance from 2017 ATH keeps price capped.
Price is now near the apex, where long-term compression typically breaks with force.
2. Monthly EMAs Converging
35 EMA and 205 EMA are flattening, reflecting equilibrium.
This usually occurs before a macro trend shift.
Reclaiming the 35 EMA on the 1M would be the first sign of trend strength.
3. Privacy Coin Narrative Strengthening
Over the past 2 months, several privacy-focused assets have shown strong relative performance amid:
Regulatory debates
Increasing interest in anonymity-preserving tech
Capital rotation into older privacy brands
XVG historically benefits from these narrative cycles.
4. Key Levels on the Chart
Immediate Resistance: 0.0080–0.0082
Macro Breakout Level: Descending trendline (currently just above price)
Structural Target if Broken: 0.026–0.03
Ultimate Macro Target: 0.264 (top of chart’s marked level)
Major Support: Long-term ascending trendline
📈 Bullish Scenario
If XVG breaks above the descending trendline on a monthly close, it would mark the first macro breakout in years.
This could align with ongoing privacy sector strength.
Upside targets:
0.0080 → first major test
0.026–0.03 → measured move from the triangle structure
0.264 → long-term supply zone (multi-cycle level)
Given the size of the pattern, a breakout move could be significant.
📉 Bearish Scenario
Failure to hold the ascending trendline could trigger a retest of mid-range supports or invalidate the long-term structure.
This would occur if price closes firmly below the rising 10-year trendline.
📊 Final Takeaway
XVG is entering the most important point of its multi-year consolidation — the apex of a massive symmetrical triangle.
With privacy coins seeing renewed attention, XVG is positioned at a potentially explosive point on the chart.
All eyes should be on the monthly close as price tightens into long-term resistance with narrative momentum behind it.
Verge (XVG) has spent nearly 7 years forming a massive symmetrical triangle on the 1-Month timeframe, compressing between a long-term ascending trendline dating back to 2015 and a multi-cycle descending resistance from the 2017 blow-off top. With privacy coins regaining momentum over the past two months, XVG is approaching a structural apex that historically precedes large expansions in this asset class.
Price is currently sitting just above the long-term trendline and pressing into tightening monthly range highs, with both EMAs flattening — a sign of equilibrium before resolution.
📌 Technical Breakdown
1. Multi-Year Symmetrical Triangle
Ascending support holds strong since 2015, tested numerous times.
Descending macro resistance from 2017 ATH keeps price capped.
Price is now near the apex, where long-term compression typically breaks with force.
2. Monthly EMAs Converging
35 EMA and 205 EMA are flattening, reflecting equilibrium.
This usually occurs before a macro trend shift.
Reclaiming the 35 EMA on the 1M would be the first sign of trend strength.
3. Privacy Coin Narrative Strengthening
Over the past 2 months, several privacy-focused assets have shown strong relative performance amid:
Regulatory debates
Increasing interest in anonymity-preserving tech
Capital rotation into older privacy brands
XVG historically benefits from these narrative cycles.
4. Key Levels on the Chart
Immediate Resistance: 0.0080–0.0082
Macro Breakout Level: Descending trendline (currently just above price)
Structural Target if Broken: 0.026–0.03
Ultimate Macro Target: 0.264 (top of chart’s marked level)
Major Support: Long-term ascending trendline
📈 Bullish Scenario
If XVG breaks above the descending trendline on a monthly close, it would mark the first macro breakout in years.
This could align with ongoing privacy sector strength.
Upside targets:
0.0080 → first major test
0.026–0.03 → measured move from the triangle structure
0.264 → long-term supply zone (multi-cycle level)
Given the size of the pattern, a breakout move could be significant.
📉 Bearish Scenario
Failure to hold the ascending trendline could trigger a retest of mid-range supports or invalidate the long-term structure.
This would occur if price closes firmly below the rising 10-year trendline.
📊 Final Takeaway
XVG is entering the most important point of its multi-year consolidation — the apex of a massive symmetrical triangle.
With privacy coins seeing renewed attention, XVG is positioned at a potentially explosive point on the chart.
All eyes should be on the monthly close as price tightens into long-term resistance with narrative momentum behind it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.