The tradingvolume was for a few weeks permanently higher than 20%, (sometimes 50%, actual 28%) of its marketcap. Simple math, already after 5 days all coins rotated once, the ones not willing to hold the coins are already in strong hands to hold it even longer. People who doubt verge are already out, the people who gained 30x are mostlikely out as well, the ones who did not sell till now, will not sell until we reach >=1$. The support ist strong and due to high each day a little higher.
Do not forget, each sell is an buy as well and will most likely not be sold at loss.
Right now it is important to watch BTC/USD as well, since a bullrun is ahead and we are all just small players in this game. I think BTC will run up a little later than xvg will.