Polkadot, VeChain & Avax — Asian Wrap 10 Nov

Polkadot price shows that it may not experience a steep retracement if there is a pullback in the cryptocurrency market. A pullback is still likely, but the move would be within the recently traded price action range. Therefore, Polkadot may be positioning for a breakout earlier than the rest of the market, continuing its behavior as a cryptocurrency market leader.

 

VeChain price crushed expectations during the Monday trading session, exploding higher with an incredible 13% gain. However, the spike yesterday created a somewhat extended move, indicating a likely pullback or consolidation phase. Support is likely to be found near the $0.15 – $0.16 levels.

AVAX price has made substantial gains over the past two weeks. It took traders forty-five days of consolidation to eventually push AVAX above its prior all-time high of $74 to the new all-time high at $97. Just short of $100 is where sellers came in. A pullback is very likely before AVAX can burst through the $100 value area.