Ethereum, VeChain and SafeMoon – European Wrap 5 October

Bitcoin price suffered two fatal corrections on September 7 and September 20. However, the buyers stepped in, giving bears a run for their money, leading to consolidation. The buyers appear to have taken control of the ship and likely aim to break out from a bullish pattern.

 

VeChain price continues to trend higher despite the consolidative nature of the cryptocurrency market. While VET is displaying a bullish outlook, its upside remains capped by a crucial resistance barrier.

 

VET/USDT 1-day chart

SafeMoon (SAFEMOON) price is finally showing some divergence after six consecutive weeks of the downtrend in SAFEMOON price action. Bulls can defend a crucial level at $0.00000118, which is the crossroad between the downtrend and the start of the uptrend. Bulls have the power to run SafeMoon price toward $0.00000296.

 

SAFEMOON/USD weekly chart

 

 

 

 


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