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Cryptocurrencies Prediction VeChain Avax and Polygon Asia Ledger 17 Nov 2021
On the weekly chart, the VeChain price displays solid defense at the $ 0.13 value range. Near $ 0.13, there are a number of support levels that must hold in order to avoid a further sell-off. The price of VeChain plummeted during the Tuesday trading session, due to widespread selling throughout the cryptocurrency market.
The AVAX price started the week off on a high note, setting a new all-time high and the much-coveted $ 100 price level. However, after reaching those two milestones, AVAX has dropped more than 16% from its new high. Unfortunately for bulls, it seems that prices will continue to decline.
Polygon (MATIC) has recovered off the 55-day Simple Moving Average (SMA) at 1.55, after failing to push above the monthly pivot at $ 1.80. Expect a break to the downside as supporting tailwinds fade and the mood turns negative – however, bulls will be waiting for the proper opportunity to buy MATIC price movement at a bargain.