WAVES price exhibits a bullish pattern in the daily chart, maintaining a support trendline.
The price is retesting the 38.20% Fibonacci level at $2.36, hinting at a possible reversal.
A potential bullish rebound from the support trendline could push WAVES towards the $3 mark.
The ongoing uptrend has firmly held above the $2 level, despite recent pullbacks.
Market conditions signal a cautionary note due to a slowdown in altcoins, raising the possibility of a breakdown.
Recent 1.88% overnight increase in WAVES price is backed by a rise in trading volume.
The current price of WAVES stands at $2.439, forming a Doji candle indicating market indecision.
Trend momentum remains strong, bolstering chances of a reversal.
Daily RSI suggests a recovery trend is in progress, albeit pausing near the midpoint.
The 50D EMA provides dynamic support, aligning with the 38.20% Fibonacci level, enhancing reversal prospects.
A successful reversal could see WAVES price challenging the $3 high and possibly reaching $5.
A fall below $2.40 could trigger a test of lower support levels at $2.26 or $2.
The price is retesting the 38.20% Fibonacci level at $2.36, hinting at a possible reversal.
A potential bullish rebound from the support trendline could push WAVES towards the $3 mark.
The ongoing uptrend has firmly held above the $2 level, despite recent pullbacks.
Market conditions signal a cautionary note due to a slowdown in altcoins, raising the possibility of a breakdown.
Recent 1.88% overnight increase in WAVES price is backed by a rise in trading volume.
The current price of WAVES stands at $2.439, forming a Doji candle indicating market indecision.
Trend momentum remains strong, bolstering chances of a reversal.
Daily RSI suggests a recovery trend is in progress, albeit pausing near the midpoint.
The 50D EMA provides dynamic support, aligning with the 38.20% Fibonacci level, enhancing reversal prospects.
A successful reversal could see WAVES price challenging the $3 high and possibly reaching $5.
A fall below $2.40 could trigger a test of lower support levels at $2.26 or $2.