WAVES Price Prediction: Can It Reclaim $1 Soon?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

WAVES-2.01%

AERO+10.75%

BAND-3.049%

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Price Rebound: WAVES has rebounded from the lower Bollinger Band support at $0.24, currently trading near $0.299, indicating that market participants are actively defending support levels to prevent a deeper decline.
Momentum Improvement: The Relative Strength Index (RSI) has climbed to 49.05, suggesting that selling pressure is weakening as buyers gradually return to the market, potentially indicating a trend reversal opportunity.
Technical Analysis: The Bollinger Band midpoint is currently at $0.277 and has been reclaimed; a breakout above the upper Bollinger Band at $0.314 could open the door for a stronger rebound, pushing prices closer to $0.35.
Long-term Outlook: Long-term projections suggest that WAVES could reclaim the $1 mark by 2028 if market conditions improve and buyers continue to defend key support levels, indicating potential for gradual appreciation.

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Technical Analysis for WAVES

Technical Sentiment Analysis for Waves (WAVES). As of , Waves (WAVES) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 0 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WAVES stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, WAVES is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Waves (WAVES) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.17	0.216	0.25	0.296	0.33	0.376	0.41
Fibonacci	0.216	0.247	0.266	0.296	0.327	0.346	0.376

About WAVES

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.The platform has undergone various changes and added new spin-off features to build on its original design.Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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