- The WAXE crypto price is not trading with any fiat currencies.
- The trading price of the crypto is down by 93% from its all-time high price.
WAXE is a cryptocurrency used on the WAX.io blockchain, known for its focus on video games. WAXE offers fast transaction speeds and a large user base, aiming to be a one-stop shop for web3 gaming. While its price is currently around $87, it has seen significant growth recently.
The WAXE crypto’s trading price has declined 10.09% in the last 24 hours. Its market cap ranking is #5567 per CoinMarketCap, and the market cap value is $324.55M.
The 24-hour trading volume for the crypto is $16.7K, which has advanced by 73% in the last 24 hours. Also, the crypto’s traded volume ranking is #5090, as per CoinMarketCap.
The circulating supply of the crypto is not disclosed, and the total supply and maximum supply of the crypto are 3.7M WAXE. This further results in a fully diluted market cap of $307.69M.
The all-time high price recorded for the Waxe crypto is $5,744, achieved on November 16, 2021, nearly two years ago. Also, the all-time low price for the crypto is $28.47, achieved three years ago. Since then, the price of WAXE crypto has advanced by 237%.
The crypto’s volatility is very low, resulting in 0.00%, and its current sentiment is bullish. The fear and greed index indicates greed at 71.
WAXE Crypto Technical Analysis
The price of the WAXE crypto was trading inside a range for more than 400 days, and it has recently broken out above the consolidation zone. Since the breakout, the price has advanced by 50% and has declined to the breakout levels.
If the WAXE price takes support on the breakout levels and breaks above the most recent swing high, a further surge in the crypto price might be seen to the next resistance levels.
WAXE/WETH Chart by TradingView.com
The price of the WAXE crypto is trading above the 50-day and the 200-day EMA, further followed by a golden crossover. The price is further taking support at the 50-day EMA. If it forms a bullish candlestick pattern, further continuation in the crypto trend might be seen.
The MACD and the signal line are trading in a bearish cross while the price is trading above the zero level. That further indicates a bullish bias in the larger trend of WAXE.
The RSI further declined below the 14-day SMA, followed by a decline below the 50-level daily timeframe. Despite this, the RSI is following a bullish cycle on the charts.
Summary
Despite WAXE crypto’s recent decline from its all-time high, technical analysis suggests a potential for a bullish continuation. A bullish bias is evident, with the price currently trading above key EMAs and forming a golden cross. Additionally, low volatility and bullish sentiment further support the possibility of a price surge.
Technical Levels:
- Support levels: $38.00 and $55.00
- Resistance levels: $140.00 and $290.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.