With the current price action it's evident that since August 2018 Verge has actually been in a downwards descending channel.
The last two times the price touched the bottom wall of the channel we bounced back around 70%.
I expect the price to go down to 90 sats then bounce back to 128 within a matter of a week.
Stop loss should be set at 85 sats in case we break below the channel.
On the way down the next two major supports are 80 and 54 sat.