We all remember when we were Vergins before the massive pump... Well things come full circle, especially for VERGE currently. TA BELOW!
wassup
We'll start with a short TA:
Since verge's MASSIVE rise of around 100x, we have seen a massive decrease in volume. This behavior is typical of a market shedding weak hand and MASSIVE sell offs. Many of the holders (and rightfully so) took profits on their holdings.
We can see that many trades, however happened between 1000 and 1200 sats.
This might indicate that the price could very well rise back to that price.
Zooming in to the 2 week view and recent spike we can see that the calm before the storm may be coming to an end!
Much of the volume is still well below the majority of the spike of the price rise.
At the 1 week view, we can see that this spike is rather small to the big picture, volume wise, but is still a significant marker of what may be to come.
This is mostly hype, probably, and if I were wanting to buy in, I would wait to let the price fall more. Let the game come to you and you could probably capitalize on a greater than 10% extra return.