VeChain price on the weekly chart shows strong defense near the $0.13 value area. Many support levels exist near $0.13, and that level must hold to prevent any future sell-off. VeChain price experienced a significant drop during the Tuesday trade session following strong selling across the entire cryptocurrency market.
AVAX price opened the week very strong with a new all-time high and after hitting the much sought-after $100 price level. Since hitting those two milestones, however, AVAX has plummeted more than 16% from the new high. Unfortunately for bulls, prices look like they will continue moving south.
Polygon (MATIC) price failed to push above the monthly pivot at $1.80,dropped and has since bounced off the 55-day Simple Moving Average (SMA) at 1.55. With supportive tailwinds fading and the ambience bearish, expect a break to the downside – although bulls will eventually be waiting for the right moment to pick up MATIC price action at an attractive discount.
This news is republished from another source. You can check the original article here.