With the $3 support level putting an end to lower low formation, the bulls are ready to regain trend control with aims drive the VGX coin price to $4.75. 

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Read more to know more about the technical analysis of the Voyager token.
<h2>Past Performance of VGX</h2>
The VGX coin price <a href="https://www.cryptoknowmics.com/news/vgx-technical-analysis-downtrend-gains-momentum-to-reach-3/">stabilizes</a> above the $3 mark and shows an intraday growth of 5%. Moreover, the price action generates a resistance trend line in the 4-hour which keeps the bullish growth in check. 

Therefore, price action traders might find an entry opportunity if the prices break above the resistance trend line. 

<img src="https://s3.tradingview.com/snapshots/z/z4c9u0gG.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/z4c9u0gG/">VGX/USD 4-hour Chart</a>
<h2>VGX Technical Analysis</h2>
A detailed look into the VGX coin price action shows a lower low formation in the 4-hour chart. However, the $3 support level promotes bullish growth while avoiding lower low formation. 

The bullish breakout of the resistance trend line can find struggle near the $3.78 and $4.75 marks. However, in case of a reversal, the $3.00 and $2.00 horizontal levels will help halt the falling prices.

The crucial EMAs - 50, 100, and 200 in the 4-hour chart give bearish crossovers while the 100-days EMA provides bullish support. Therefore, despite the possibility of a trend line breakout, traders need to keep an eye out on these dynamic resistance EMAs.

The RSI indicator at 47% shows the slope retracing to the central line in the 4-hour chart. Furthermore, the bullish divergence which can catalyze the bull run and help in the trend line breakout.

The MACD indicator in the 4-hour chart shows the buyers and sellers line below the central line into the negative segment. However, the buyers line is above and maintains an overall bullish alignment with the recent positive crossover.

Therefore, the indicators in the 4-hour chart show an underlying bullish potential in the VGX coin which can pull off a trend line breakout soon. 
<h2>Upcoming Trend</h2>
Currently, the VGX coin price remains within the resistance trend line and overcomes the lower high and lower low formation. With the $3 support level to maintain bears under control, the token can shortly give a trend line breakout.

Traders can keep a target of $4.75 as the price will gain momentum with the breakout. However, a stop loss can be placed below the $3 support level.

VGX Technical Analysis: Resistance Trend Line Grows Weaker, Bull Run to $4.75 Possible

With the $3 support level putting an end to lower low formation, the bulls are ready to regain trend control with aims drive the VGX coin price to $4.75. 

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: Resistance Trend Line Grows Weaker, Bull Run to $4.75 Possible

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