<strong><em>VGX price shows a sudden surge in buying pressure resulting in the breakout of the psychological barrier of $1. Will the buying spree reclaim $1.50? </em></strong>

Key technical points:
<ul>
 	<li>The VGX market value increased by 28.94% today at press time.</li>
 	<li>The bullish surge surpasses the 50-day EMA.</li>
 	<li>The 24-hour trading volume of the Voyager is $38.07 Million, indicating a hike of 40%.</li>
</ul>
<h2><strong>Past Performance of VGX</strong></h2>
The sharp sell-off in April resulted in a downfall in the VGX prices before taking a sideways trend in the May month. The bearish spiral accounts for a decline of 70% to reach the crucial support of $0.61 after the crackdown of $1. At the $0.61 demand level, a bullish resurgence starts a recovery trend which recently gained momentum to break and reclaim $1 with a 62% price jump in the last four days.

<img src="https://s3.tradingview.com/snapshots/n/N1MO59HA.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/N1MO59HA/" target="_blank" rel="noopener">Tradingview</a>
<h2>VGX Technical Analysis</h2>
<a href="https://www.cryptoknowmics.com/news/vgx-technical-analysis-surprising-bullish-growth-boosts-momentum/">VGX</a> prices showcase a sharp recovery, but the increased selling pressure on the day before yesterday warns of a high supply pressure at the 100-day EMA. Hence, the recovery rally might find it hard to find a closing above the bearish EMA. The RSI slope shows a surge in the underlying bullishness as it approaches the overbought boundary after a sharp spike from the 14-day SMA line. Furthermore, the MACD indicator shows the fast and slow lines on the verge of crossing above the zero line with increasing trend-momentum of bullish histograms. Hence, the technical indicators reflect a boom in buying pressure, increasing the 100-day EMA breakout possibility. In a nutshell, VGX technical analysis forecasts a bullish continuation to reach $1.50.
<h2>Upcoming Trend</h2>
The $1 breakout is the first signal of VGX recovery, and buyers with bullish sentiment can expect the breakout rally to hit the first target at $1.50. However, a reversal from the 100-day EMA would reverse the uptrend to retest the $1 breakout.

<strong>Resistance Levels:</strong> $1.40 and $1.50

<strong>Support Levels:</strong> $1 and $0.80

VGX Technical Analysis: Buyers Ready To Surpass The $1.50 Barrier

VGX technical analysis shows a sudden surge in buying pressure resulting in the breakout of the psychological barrier of $1. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

VGX Technical Analysis: Buyers Ready To Surpass The $1.50 Barrier

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