Bitcoin price recovers anchored VWAP for the third week out of the last six, reinforcing the importance of the indicator in guiding BTC during the corrective process. Ethereum price rebound has been insignificant, suggesting disinterest in the smart contracts giant. XRP price discovers strong support, but intimidating support and resistance level may keep the international settlements token range-bound.
Bitcoin price jumped higher on the opening of the week and broke a crucial descending trend line from May. Regardless, BTC dipped below, and a bull-trap formed $28,776 as a target to the downside.
MATIC price is stuck in consolidation. The 55-day moving average places a cap on Polygon. If Bitcoin or other majors will dip, MATIC will follow the trend. MATIC price has had a difficult four weeks, but the actual support is to be found below $1.
