$XVG Here's a simple and detailed analysis for Verge based on the current short liquidation event.

Short Liquidation: $1.889K at $0.01524 What’s Next.

What is Happening with $XVG.

There was a short liquidation event in the Verge ($XVG) market. A liquidation of $1.889K occurred at a price of $0.01524. This means that traders who were betting that $XVG would fall shorting have been forced to close their positions, which might create buying pressure and push the price higher.

What Does This Mean.

Short liquidations usually happen when the market moves against traders who are shorting. This can lead to a price surge as liquidated traders buy back to cover their positions.

This sudden price movement can lead to short term volatility, but it also might present a buying opportunity if the market moves up further.

Buy Zone for $XVG.

After the short liquidation, it’s important to look for a strong support level before entering.

The ideal buy zone would be around $0.0150 to $0.0155. This is where the price may consolidate before making another move.

Confirmation of support is key. Look for the price to stay above this level for a while before entering.

Target Profit Zone.

Once $XVG shows momentum after liquidating shorts, target the next resistance levels.

First Target. Around $0.0170 this could be a place for partial profit taking.

Next targetm $0.0185 if the trend continues upward and shows strong momentum.

Stop Loss. Risk Management.

Always protect your position with a stop loss to limit losses if the market moves against you.

Set your stop loss below $0.0140 around $0.0138 to give your trade some room to breathe while protecting from larger losses.

Make sure to adjust the stop loss if the price moves in your favor to lock in profits.

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