VeChain Price Prediction: VET sustained by healthy accumulation, aims for $0.135
VeChain price struggled to overcome the Anchored VWAP at $0.087 from July 26 to August 4, raising doubts about the sustainability of the rebound from the July 20 low. The 6.18% gain on August 6 broke the resistance of the indicator and triggered the double bottom pattern. The resulting VET price action has been impressive, lifting the cryptocurrency above the 200-day SMA at $0.099 and, on course, to tag the measured move price target of the double bottom.
Axie Infinity price guided by the power of round numbers, as AXS targets $100
Axie Infinity price concluded a two-week consolidation above the 38.2% Fibonacci retracement with an impressive 47.62% gain, overcoming the resistance established by the measured move price target of the prior cup base at $51.34. AXS is now has a shot of reaching the topside trend line at $148.00, but $100 is more likely.
Traders hope for a new altcoin season now that Bitcoin turned $45K to support
Bitcoin’s consecutive daily closes above $45,000 were followed by a 40% rally from ICP, RVN, VGX and EGLD, leading traders to believe that a new altcoin season is starting. This week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20.
