- Waves coin price bounced from $11.50 to $20.30 on Monday’s trading session
- The 24 hour volume in Waves is at $892,717,359 with a 760.77% increase
- The WAVES/BTC pair was trading at 0.000002656 with a 17.23% increase
The 4-hour technical chart of the Waves coin price forecasts an uptrend. According to pivot points, WAVES critical support level is placed at $11.50. Whereas if it moves up, the first target price to watch is $23.50. While diving into the weekly chart of a 4-hour time frame, it completes a bullish engulfing candlestick pattern representing bulls are in control.
EMA- (20,50) acts as another strong support in the coin. EMA-20 (blue) intersects above EMA-50 (purple), which projects the beginning of a positive trend. The price intersects above both the EMA’s and now is going to give successful retests on the EMA. After two successful tests on the EMA, it is the right time to enter the trade with the ongoing trend.
RSI indicator (OVERBOUGHT), with a value of 73.20, indicates an overbought situation in the coin. Moreover, Investors can see an upward slope from 44 to 73 in the index, which may cool down in future trading sessions.
The volume of (712K) is above the Volume MA (181K) of 20-days. Huge green volume bars can be observed above volume ma of 20-days to pull up the price. Buying pressure is maintained in WAVES to drive its price to higher levels.
This Is Just The Beginning In Terms Of TVL On WAVES
On the official twitter handle of Sasha Ivanov, the founder of Waves protocol announced that $1 billion of total value has been locked on WAVES. He also aims to grow more in future to $10 and $100 billion.
Waves Coin Price May Breach Above $23.50
Waves coin price traded at $20.30 with a gain of 46.45% in the last 24-hour. Furthermore, WAVES price bounced from the support of $11.50. In contrast, the market capitalization stands at $2.1 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be above the resistance of $23.50 in future trading sessions.
Resistance: $23.50
Support: $11.50