Verge has been in an extended bullish flag pattern and is nearing the lower support level. This means a move should be coming soon. This would be the fifth leg of an Elliot Wave and should test the resistance levels just under 1000. I don't see it breaking 1000 on this push however.
If XVG continues to the lower resistance line it could break lower and test recent lows. I don't think that is likely to happen but that is always a possibility.
The current market depends greatly on what BTC does. The volatility of BTC can quickly chance an altcoin chart.