- The current WAXP price is $0.05106 trading with a decline of -2.4% resulting in a Market Cap of $171,634,902 ranking #153 on CoinMarketCap.
- WAXP price rose by +22.7% in the last one month but has shown a decline of -49.00% in price in the last 1 year.
WAXP price is trading in a dynamic range creating a rising wedge pattern and the volume for the same has been rising in the last 24 hours resulting in a spike of +43.90%.
WAX (WAXP) is a crypto coin and a blockchain that started in 2017. It aims to improve the speed, simplicity, and security of e-commerce transactions for both online and offline items for everyone involved.
WAX has 280,866 followers on Twitter and 10,138 Telegram users but is not available on Reddit, also WAXP has shown a consistent rise in the number of Twitter followers but in very recent times the social media activity seems static.
WAXP Technical Analysis
Market Structure:
The WAXP price prediction as per the market structure suggests that it is trading in an uptrend rising from the lower levels and is making a higher high structure, but recently, it tried to fall after making a high of 0.05636216 and is showing signs of weakness and continuing to make lower low structure resulting in continuation of downtrend.
WAX Indicator Analysis
Source: WAXUSD.BINANCE.4H by TradingView
EMA:
WAXP price is trading in a bullish crossover of the 20-day and the 50-day Exponential Moving Average. Still, the market is trading below the EMA’s resulting in the contraction of the EMA’s which can further lead to a bearish crossover if the market continues to decline.
RSI:
Based on the current charts the market is trading below the 50 levels of the RSI and also the RSI is making lower lows. If sellers continue to drag the market down we can see lower values of RSI and a decline in WAXP Price.
Conclusion
Looking at the charts the WAXP price prediction is as the market is trading below the EMA’s and the RSI is also making lower lows so if the market breaks the rising wedge pattern on the downside we can see a very good momentum on the downside resulting in lower prices of the WAX.
Technical Levels
- Support Level – The Support levels for the WAX crypto are 0.04953138 and 0.04690842.
- Resistance Level – The Resistance levels for the WAX crypto are 0.05365317 and 0.05604193.
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
