VET might fall below $0.11 if VeChain is subject to wider market volatility.
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 Bears are attempting to drive Avalanche’s AVAX over the edge of a cliff, resulting in a 35 percent correction.
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.
As the price of Polygon falls around $1.35, MATIC bulls sit on the sidelines.
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.