The technical analysis for VGX this week will explain why it is poised for a higher mark. The Voyager token was founded by a team of finance and technology experts as a brokerage service for crypto investors. The prime aim of this network is to empower investors with digital currency. It also provides a fast, trusted, and secure trading platform for crypto asset trading. Past Trends On March 18, 2021, the opening price of VGX was $5.26. As of March 25, 2021, VGX closed at $4.26. Thus, in the past week, the VGX price has decreased by approximately 19%. In the last 24 hours, VGX has been trading between $4.16-$4.71. https://ift.tt/39gQvqx Days- Ahead and Tomorrow Currently, VGX is trading at $4.54. The price has increased from the opening price of $4.22. Thus, the market looks bullish. The OBV indicator is upward sloping. Thus, buying volumes are more than selling volumes. Heavy buying activity will exert upward pressure on the VGX price. Thus, the price is likely to go up further. Presently, the RSI indicator is at 57%. The RSI faced a bearish swing rejection at 60%. Thus, selling pressures are slowly mounting. Hence, we can expect some intermittent price pullbacks amidst a rising price trend. In other words, price adjustments are happening in the VGX market. The MACD and signal lines have turned positive after being in the negative territory for the past 45 minutes. Plus, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum has turned bullish and the price is poised for a further increase. VGX Technical Analysis Currently, the technical analysis trading is above the Fibonacci pivot point of $4.37. By day close, we can expect the price to break out of the subsequent resistance levels of $4.59 and $4.72 respectively. At present, the price has tested and broken out of the 38.2% FIB retracement level of $4.49. If it tests and breaks out of the 23.6% FIB retracement level of $4.58 in some time, then we can be assured that the price uptrend is strong enough to sustain till tomorrow.
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