- VGX token price manages to sustain above the 0.0012 resistance level.
- The rising EMAs project a rise in underlying bullishness.
- The pair VGX/BTC trades at 0.00009049 BTC with an intraday gain of +4.15%.
The VGX Token’s price has been in a massive consolidation since May between 000082-0.0012 levels. However, the recent price jump of more than 60% supported by the demand met near the support of the rangeof range has led to a bullish breakout.
The V-shaped Recovery of the token price manages to rise and sustain above the resistance level of the previous consolidation range. Anyhow, the retest of the breakout casts a possibility of a bull run.
The token price trades higher than all the significant EMAs on the daily chart, supporting the 200-day EMA. However, the rising EMAs project briefly bullish crossovers if the trend continues.
The current market price for the VGX token is $3.69. As a result, the intraday market capital has risen by +12.48%. In addition, intraday trading volume has increased by +30.81% due to increased buying pressure.
What is Voyager Token VGX (Voyager Token)?
Voyager Token is a cryptocurrency broker that offers investors a trusted and safe access point to trading crypto assets. Voyager offers institutional and retail investors a quick solution to trade crypto assets.
The cryptocurrency brokerage service, which was launched in October 2018, now supports over 55 crypto assets. In addition, it has a unique smart route routing technology that connects it to more than a dozen different crypto exchanges. Voyager Token also launched a mobile application in January 2019, making it easier to trade digital currencies.
Voyager Token is the native token of the brokerage. It’s used to reward Voyager customers within the Voyager ecosystem. VGX, which is also available in the Voyager application, generates interest and offers cashback incentives.
Voyager offers 100% commission-free transactions, including buying or selling. Traders need only pay the quoted price to execute an order on Voyager.
What Makes Voyager Token Different?
Voyager has built a network of crypto traders that is very similar in feel to traditional online brokerages. In addition, Voyager’s mobile application was launched in 2019 to provide a simple and efficient service for crypto brokers to smartphone users.
Voyager Token utilizes Smart Order Routing technology which exploits discrepancies between the listed prices of cryptocurrency exchanges. This technology allows investors to connect instantly with over a dozen different crypto exchanges to get the best exchange rates for their transactions.
Investors can also use this feature to compare spreads between the ask and bid prices and higher liquidity levels across different exchanges. As a result, it’s easier for traders and investors to enter or exit positions.
VGX Token Price Chart Of 4-Hour Timeframe
The price action analysis states that the coin price could support 0.0012 or 0.00082 depending on the trend. The price could rise to 0.0017 if bulls continue their movement.
Bullish RSI indicates a gradual increase in slope. The RSI indicator could, therefore, soon reach the overbought zone.
The ADX indicator indicates a high momentum trend.
Conclusion: VGX Token price finally sustain above the 0.0012 mark, resulting in a bullish rally shortly. Investors hoping for a reversal might want to wait till the price breaches the mark again.
Support: 0.0012 and 0.00082
Resistance-0.0017