Verge is the talk of the town after rising a sick amount of percentage over the last few weeks. I am sure there are nervous investors who wonder what is happening with the huge price swings. I believe the chart is a representation of sentiment. Looking at how huge the price range has gotten in verge, it is obvious there is a huge amount of interest and holders in verge at this point in time. The chances of the chart developing into a bearish pattern is on the Low side right now. What is more likely, is that price should trade sideways for a few more touches on the trend line before moving upwards.
When this correction completes, I am pretty sure verge will move up big. Big range, great interest, and a correction that ends with buying that overcomes this “scary” period will be a sustained move that will continue to leave the crypto world in awe.