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Waves Price Analysis: Surf The Waves Before It Goes Away

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  • Waves price bounced back to $10.29 from the support of $8.39 on Wednesday’s trading session
  • The 24-hour volume in WAVES is at $90,599,112 with an 18% increase.
  • The WAVES/BTC pair was trading at 0.0001874 BTC with a loss of 1.64%
Source: WAVES/USD on TradingView

The 4-hour technical chart of Waves price projects an uptrend. According to pivot points, Waves critical support level is placed at $8.39. Whereas if it moves up, the key resistance level to watch is $13.05. While diving into the weekly chart of a 4-hour time-frame, it completes a bearish engulfing candlestick pattern.

SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) intersects the SMA-100 (white), which projects a beginning of a bullish trend. The price is above the SMA’s. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.

RSI indicator (BULLISH), with a value of 54, indicates a buy signal in the coin. Moreover, Investors can see a flat line in the index, it may surge more in future trading sessions.

WAVES Gearing up for 26% Returns

Waves price traded at $10.29 with a loss of 3.10% in the last 24-hour and is also at a loss of 4% in the weekly time-frame. In contrast, the market capitalization stands at $9 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of $13.05.

Resistance: $13.05

Support: $8.39

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