- The Waves coin is increasing upside, around 7.3%, during the intraday trading session.
- The 24-hour trading volume is at $422 million.
- WAVES/BTC pair is also trading positive by 9.1% at 0.00071652 BTC.
Daily technical chart and Waves coin price is showing an upward trend. Based on the pivot level, the initial support level is 24.35 USD. From another perspective, if it accelerates, the resistance level to watch is 38.0 USD. Although the chart created a bullish engulfing candlestick pattern during the day, the price is expected to surge with medium reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price breaks above the Red Moku Cloud and now trades above the Green Moku Cloud, so the cost is higher than the Green Moku Cloud, ensuring the bull trend of WAVES.
Trading volume (1.02 M) is close to the 20-day moving average (1.262 M). In short, the high volume caused the price to fight against the resistance zone. Investors may also notice that the volume bars on the chart are declining, which indicates that surprising volatility is expected in the next trading days.
The MACD indicator will give a (bullish) cross above the signal line on 11 Sep, indicating a buy signal in the coin. Moreover, Investors can see the end of red bars on the Histogram index.
Waves Coin on a Bull March Towards New ATH
Today’s Waves price was $32.75 with a 24-hour trading volume of $ 422,488,177. WAVES prices have increased 7.3% in the last 24 hours. It has a net worth of 100 million WAVES as well as a total of 100 million. The MACD indicator will soon show a buy sign, and the traders have led to high volume. Technically, the price is fighting the resistance zones and continues in an uptrend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $38
Support Level: $24.35