Bitcoin, Polygon and VeChain – European Wrap 31 August

Bitcoin price is currently experiencing a choppy action, while Ethereum and Ripple prices are undergoing consolidation. However, ETH and XRP might have a higher return than the big crypto since they are coiling up at crucial levels and might experience a potential upswing.

 

Polygon (MATIC) is on the verge of breaking lower as buyers try to support price action at $1.32. Buyers have two good reasons to get in here. The volume, however, shows buyers are not convinced that this is the right time. 

MATIC/USD daily chart

VeChain price has seen its volatility dry up over the past two weeks as the sell-off continued. Although this development was bearish in the short term, it could become a precursor for a massive upswing.

VET/USDT 4-hour chart