Ethereum Classic, VeChain & Polkadot — Asian Wrap 22 Oct

Ethereum Classic price action for the Thursday trade session has been the definition of a whipsaw. The daily candlestick open has dropped as much as 9.5% and spiked higher by as much as 10.5% – big swings in all directions. Despite the indecision and wild swings, Ethereum Classic is little changed – but that is about to change.

VeChain price has made significant gains during the Thursday trade session, capitalizing on Ethereum’s bullish move to new all-time highs. VeChain itself has traded higher than 10% on the day, outperforming the majority of its peers. VeChain is likely to convert to bull-market conditions ahead of most altcoins.

 

Polkadot (DOT) has made another attempt to break out of the bullish triangle. This is the fourth time already in just one month that price has tried to break to the upside, making it primed to likely succeed at the next attempt. Bulls will want to sit on their long positions before cashing in at $50.76.


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