Voyager (VGX) Coin Gained 28% this week – Where to Now?

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According to coinmarketcap, the total supply of VGX is around 278M tokens and the circulating supply is around 278M VGX. VGX holds the 92nd rank according to market cap.

At the time of writing VGX is being traded at the price of $4.95 with a decrease of almost 5.36% in the last 24 hours. VGX is a really strong token fundamentally. The maximum and minimum today are $5.76 and $4.68 respectively. The daily trading volume has decreased by almost 36.76%. VGX had created its all-time high and reached a price of almost $6 last week. But the price of VGX dropped to $3.62 in the same week but soon printed a green bullish candle.

Technical Analysis – Voyager (VGX)

The chart of Voyager (VGX) as seen on a 1-hour time frame shows a very beautiful movement. The price broke the structure and broke upwards and created an order block in the process. It can be seen that soon after that, the price came back to mitigate that level from where another attempt to create a higher high was created which failed. This brought the price of VGX and constricted it to a triangle.

The point to notice is the clear fake-out, done by the price. The price eventually came back down after grabbing the liquidity. Keeping in mind this movement and how the price still has the momentum (it seems that the bulls are in control at the moment) so we can expect it to drop down to grab the liquidity and do a fake-out. A possible level to which it can drop is the clear level of order block from where it can bounce back.

Voyager (VGX) - 1H

If the price drops down, it can be a really good entry point depending upon lower time confirmations. We can expect the price to move up as soon we see bullish momentum from the price. If the price of VGX goes up again we can wait for a possible retest to take a position in the market.

Long Term Investment – Voyager

According to the wallet investor, it is a very good investment. In a one-year plan, VGX is expected to reach a price of  $6.653. In a five-year plan, it is expected to reach a value of $15.468 which is almost two times what it is being currently being traded at. It is one of the most popular coins in the cryptomarket.

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