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- 1 WAX price prediction showcases the crypto’s crucial make-or-break situation over the daily time frame chart.
- 2 WAXP crypto is trying to sustain above 20 and 50-EMAs to reach the 100 and 200-days DMAs.
- 3 The pair of WAXP/BTC was at $0.000001639 BTC with an intraday gain of 3.83%.
WAX price prediction suggests the upward facing trend of WAXP crypto and highlights its sustainability issues at the resistance level over the chart. WAXP crypto needs to maintain the accumulation rate of buyers in order to register its breakout. However, it looks like sellers are trying to pull WAXP crypto back inside the horizontal range. Investors in WAXP cryptocurrency need to wait for any directional change over the daily time frame chart.
WAX price was at $0.0498199 and lost 1.89% of its market capitalization intraday. Trading volume has increased by around 531% intraday, which is significan demonstrating that buyers are still present in the trade to push WAXP crypto upwards. Volume to market cap ratio was at 0.0965.
WAX Price Prediction: Technical Analysis
WAX price prediction showcases the upward momentum of WAXP crypto over the daily time frame chart. WAXP cryptocurrency needs to maintain the accumulation rate of buyers in order to break out of the range. Meanwhile, WAXP crypto is trying to sustain above 20 and 50-EMAs to reach the 100 and 200-days DMAs.
In addition, WAX price gained 4.43% in a week and 14.89% in the last six months. Moreover, WAXP has recovered around 19.77% year to date which confirms that WAXP will recover optimally through 2023.
Technical indicators are divergent over the price action of WAXP crypto. Relative strength index (RSI) showcases the negative momentum of WAXP crypto. RSI was at 54 and is heading towards the oversold region.
The MACD on the other hand, signals the recovery momentum of WAXP crypto price. The MACD line is above the signal line after a positive crossover. Investors in WAX crypto need to wait for any directional change over the daily time frame chart.
Summary
WAX price prediction suggests WAXP crypto is on an uptrend its sustainability at the resistance level is not certain. Meanwhile, WAXP crypto is trying to sustain above the 20 and 50-EMAs to reach the 100 and 200-days DMAs. Moreover, WAXP recovered around 19.77% year to date. Technical indicators are divergent over the price action of WAXP crypto. Investors in WAX crypto need to wait for any directional change over the daily time frame chart.
Technical Levels
Support Levels: $0.04877 and $0.044
Resistance Levels: $0.0535503 and $0.055
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
