Cryptocurrencies Price Prediction: VeChain, Avax & Polygon — Asian Wrap 17 Nov

VeChain exposed to broader market weakness and VET could fall to $0.11

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.

 
Bears attempt to push Avalanche’s AVAX over a cliff for a 35% correction

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.

MATIC bulls wait on the sideline as Polygon price drops towards $1.35

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.