•WAVES/USD is currently priced at $3.59 and has increased by 9.37% over the past day
•The trading volumes have increased by 140.90% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: Waves Crypto bulls provide momentary respite
The Waves Crypto price today is $3.59 USD with a 24-hour trading volume of $118,725,498 USD. Waves Crypto is up 9.37% in the last 24 hours. The trading volumes have increased manifolds over the past day amid increased investor activity whereas the Volume to Market Cap Ratio stands at 0.3021 for the altcoin.
The Waves Crypto have had a field day on the four hour timeframe, as is demonstrated by the large green candles on the four hour chart. The bulls’ endeavors have finally bore fruit as the asset has shown some definite signs of life in recent days. This has led to the Waves Crypto price to move above the 20,50 SMA on the four hour chart. The resumption of the uptrend could bring further rewards for the investors and the braech of the resistance level placed at $4. On the flip side, the support level for the asset is placed at $3 in case the bears are able to overwhelm the bulls in the market.
Long Term View for Waves Crypto Price
The efforts of the Waves Crypto bulls seem to have bore fruit today as the MACD indicator is on the verge of depicting a bullish crossover, with the red histograms about to fade into obscelence. This comes as a huge bit of positive news for the bulls as the asset looks to be on the cusp of staging a huge rally. Moreover, the RSI for Waves Crypto is currently transacting at 42.44 and the RSI line has raced clear off the average line. This presents a wonderful opportunity for the bulls to sustain the tempo in the coming days.
Conclusion
The Waves Crypto price is in a really good position and the uptrend claim is substantiated by the influx of a huge number of buyers in the market. If the uptrend lasts, we could see a lot more hurdles being overcome by the bulls.
Support: $3.40-$3
Resistance: $3.80-$4
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.