At the time of writing WAVES is being traded at the rate of $15.93 with an increase of almost 3% within the last 24 hours.
The low within this tenure was around $14.93 and the high was approximately $15.95. The coin as being in the watchlist of many traders makes it rank all the way up to number 74th according to the latest data released by coin market cap.
WAVES made its all-time high in the month of May 2021 where it reached an enormous amount of $41.86. At the moment it has a daily volume of $95,849,064 with a decrease of about 22.32% within the last 24 hours. The circulating supply of WAVES is now around 107M and the maximum supply is also 107M. WAVES has a dominance of 0.08%.
The top exchanges for trading it are currently Binance, OKEx, FTX.
Technical Analysis – WAVES
The coin has one of the cleanest charts. It can be seen that as long as the price was bullish and in the uptrend, it carried onwards and mitigated two times a lower position. The price had bounced back from this level and went on to create a new high.
After it failed to hold the next level, it dropped down and went into a downtrend. Now we can see that before all this (it can be seen at the start of the chart) that the price had created an order block that is present way before. This daily order block has remained unmitigated till now.
Now what can be seen is that the price of WAVES showed a reversal and bounced without touching the order block. This movement was short-lived and the price is once again coming down. We can expect the price to touch the order block. From there a possible long can be taken depending on the overall market conditions.
Price Prediction
The coin had achieved a huge value of $41.86 before the crash. Unfortunately, it hasn’t been able to recover from the damage. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in June and has completely retraced back. According to the wallet investor, WAVES is a good investment. The price of the coin is to reach a value of $34.327 in a year. In five years, the price is expected to reach around $108.579.
