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Waves Price Analysis: Coin Breaks Above $25 Pivot Area, Expecting 15% Gains

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Source: WAVES/USDT on TradingView

The daily technical chart and price action of Waves coin display an upward trend. According to the pivot levels, the primary support level is $22. On the other side, if it rushes up, the resistance level to follow is $28. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.

The Zig-Zag framed a bottom of $11.42 on June 22. After that, investors can notice a massive pump of 140%, all the way up to $27.50. Now price levels are sustaining around 25$ this week. 

The volume of (305.69K) is below the MA of 20-days (1.222M). As a result, the volume is low, causing its price to struggle around the pivot zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session. 

The Stochastic RSI (Oversold) with a value of K-17 D-9 presents a buy signal in the coin. Investors may observe an inclining slant and a positive crossover in the index representing a bullish divergence. It may remain in positive territory for future trading sessions.

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Waves Coin Buying Pressure is Increasing Hold on For Stunning Profits 

Wave’s price today is $25.35, with a 24-hour trading volume of $164,668,667. The price of WAVES has increased by 10.7% in the past 24 hours. There are 100 million WAVES coins in circulation, with a total of 100 million. The Stochastic RSI indicator shows a buy signal, and the traders have guided low volume. Technically, the price sustains at the resistance zone and remains in an upward trend. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $28

Support Level: $22

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