Now the first support is acting as a resistance because every time verge attempts to break out of it, it falls back down again.
If BTC doesn't find support at 14k it will drop to 13k taking all alts with it down.
Hope that my post saved you from a 27% (current price) to 50% (lowest point reached, which is support #2) loss.
The volume is dropping a lot as you can see in the chart above, so I dont see the price going up for 1 more round at the moment, could be wrong thou.
The issue is everybody knows that the price of verge increased a lot so they get worried about the risk of investing in it as it might drop down to its original price before the rally, hence less interest over time.