X

WAX Price Analysis: WAXP Coin Spikes 200% Within a Month

  • The WAXP coin price flies above the several EMA’s during intraday.
  • The 24-hour trading volume is at $625 million.
  • WAX/BTC pair is trading positive by 5.8% at 0.00001455 BTC.

Moving Average (EMA) In the WAXP coin daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee a WAX uptrend as long as prices are above the moving average.

The volume (80.916 M) is close to the 20-day moving average (84.599 M). The volume is low, so the cost is flattish during the intraday. Investors may also mark an increase in volume. This indicates that unusual changes are normal on the following trading days.

WAXP Coin Price Moves Above Several EMA’s

The daily price chart of the WAXP coin frames new higher highs. Depending on the price action, the support area is within $0.40. On the flip side, the resistance range can be towards the previous all time highs of $2.0.  

The RSI showed a signal of 86.70 (overbought) with a short-term buy sign. Investors may find that the indicator’s RSI line is running downside. A plunge can happen on future trading days.

The MACD shows a (bullish) cross above the signal line on October 20, indicating a buy signal for the currency. In addition, investors can see green bars in the histogram indicator.

Conclusion

WAX price today is $0.892845 with a 24-hour trading volume of $603,108,697. WAXP price is up 10.1% in the last 24 hours. It has a circulating supply of 1.8 Billion WAXP coins and a total supply of 3.77 Billion. 

RSI and MACD indicate a buy signal. Traders have directed high volume. In fact, the cost is framing new higher highs. A market overview also shows that this pattern will continue to surge in the coming trading days.

Support Level: $0.40

Categories: News
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.