Although Polygon (MATIC) made a new high yesterday for this summer, it does not tell a compelling story for the days to come. Price got rejected at $1.57 and is forming a double top with the high on June 17. Buyers got tempted to take some profit around this level, causing a short-term correction and making other buyers take the money and run. For now, the low of August 15 is holding as near-term support at $1.36, but it is just a matter of time before sellers take over.
VeChain price is hovering just below a crucial resistance level after its recent run-up. Due to the lethargic nature of the cryptocurrency market, VET might retrace before heading on a new uptrend.
Bitcoin price is hovering above a crucial demand barrier, which could propel it higher, but investors need to watch for a spike in selling pressure that pierces the said support zone, leading to a break below it.
