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Waves Price Analysis: WAVES Coin Expecting to Hit $45 in Near Term

  • The Waves Coin price is neutral, around 0.7% during intraday.
  • The 24-hour trading volume is at $288 million.
  • WAVES/BTC pair is trading positive by 4.7% at 0.00055518 BTC.

Wave’s daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 18.50 USDT. Another way to look at it is that if you rush, the resistance level to watch is 40.0 USDT. Therefore, the chart created a bullish engulfing candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering high strength.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that costs are breaking above the green band. This guarantees a surge in Waves until it is above the ribbon.

Trading volume (669.678 K) is close to the 20-day moving average (796.486 K). The volume is high, so the cost is around the resistance point. Investors may also notice that the volume bar on the chart becomes larger. This indicates that unusual volatility is common on the following trading days.

The MACD indicator crosses (bullish) above the signal line on October 3, which shows a buy signal in the currency. Also, investors can see huge green bars on the histogram index.

Long-Term Perspective of Waves Coin Price Trend

The weekly technical chart and price trend of Waves coin show a bullish trend. Based on the pivot levels, the support zone is 10.50 USD. On the upside, if it breaks, the level of resistance to Search is $45.0. In addition, the chart shows the Heikin Ashi candles, which have huge upside potential in asset price movements.

So, Today’s Waves coin are priced at $30.61 and 24-hour trading volumes are $288,097,029. WAVES prices have risen 0.7% in the last 24 hours. It includes 100 million WAVES coins and a total circulation of 100 million. The MACD points to a buying signal, and the traders have prompted high volume. In fact, the cost moves at the resistance levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.

Resistance Level: $40 & $45

Support Level: $10.50 & $18.50 

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.