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Voyager Token Price Analysis: VGX Coin Price Continues To Fall For The Lower Low

  • VGX coin price is currently in a strong bearish trend after its launch and can soon see a new high. It has seen an upside of more than 2.7% in the daily time frame.
  • Technical indicators of the Voyager token hints towards a continuation of downside momentum in price. Meanwhile, VGX/BTC pair has seen a drop of more than 2% in the past 24 hours.

Why Invest In VGX Coin?


VGX coin price has been seeing a downside momentum due to the fall in the overall market. Voyager is currently exchanging close to the value of $3.71 and has seen a gain of more than 2%. It provides investors with trust and secures access to crypto asset trading. The network is built to serve more than 55 crypto trading assets. The mobile app of the Voyager token was launched in 2019 and is jumping for more. It also offers 100% transaction-free commissions including buying and selling of the asset. It has been led by the top brokerage funds in the market who are looking to the push price to a new high.

Voyager token is ranked 87th in the CMC and has a market dominance of more than 0.1%. The volume of the coin has also seen a drop of more than 37% in the past 24 hours. The volume to market cap ratio of the asset suggests a downside momentum. One can invest in Voyager token as per their needs and risk capacity.

Technical Indicators Of VGX Coin Suggests A Downtrend

Source: Trading view

Voyager coin price weekly technical chart suggests a bearish momentum in the price for upcoming days. On coming to the daily chart, the asset has price is in downside momentum. The hostile region of the VGX on the upside can be seen near $5. If the asset price drops further below then a strong downside momentum might be observed. There is a strong bearish engulfing pattern in the daily chart and can soon see a new low in the future. VGX/BTC pair can also see a new high in the future.

Conclusion

VGX coin price is observing a downside momentum and can soon see a new high in the future. VGX/BTC pair can also see a strong upside trend in the future. One should do their due diligence Voyager token as per their needs and risk capacity.

Technical Levels

Major Support: $3

Major Resistance: $5

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.