Cryptocurrencies Price Prediction: VeChain, FTX & Crypto – European Wrap 14 September

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Cryptocurrencies Price Prediction: VeChain, FTX & Crypto – European Wrap 14 September
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VeChain price saw an 11% daily candlestick on Tuesday, in what looks as the first sign of a bullish resurgence for the blockchain’s token. If bulls ar

VeChain price swept the August 17 low on September 12, but the dive kickstarted an 11.59% rally. This move retested VET’s long-standing downtrend, which has created five lower highs since July 1. Investors can expect a minor pullback to the immediate support level at $0.0156, which is a key buying area.

FTX exchange received the US bankruptcy court’s nod to shed $3.6 billion in crypto holdings in exchange for fiat. Following the court’s decision, the estate will loop in Galaxy Digital, a crypto asset management firm, to oversee the sale of the assets. For bitcoin, the death cross has not yet led to an intensified sell-off. The accumulated oversold condition that has exhausted the sellers is having an impact. Despite the potential for a rebound, BTCUSD remains within the bearish momentum that has been in place since July, with lower and lower highs and lows.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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