#OnChainLendingSurge

$WAXP /USDT trading pair with a 15-minute candlestick view.

1. Price Movement:

Current price: 0.04730 USDT (approximately ₹13.18), showing a +10.82% increase in the last 24 hours.

24-hour high: 0.04801 USDT.

24-hour low: 0.04106 USDT.

2. Technical Indicators:

RSI (Relative Strength Index): At 65.36, it indicates momentum nearing the overbought zone (above 70). This suggests potential slowing of bullish momentum or possible resistance.

Moving Averages (MA):

MA(5): 2,923,106.

MA(10): 2,704,614.

The short-term MA is higher than the longer-term MA, indicating an upward trend.

MACD (Moving Average Convergence Divergence): Positive, with DIF (0.00027) above DEA (0.00024), confirming bullish momentum.

3. Volume:

A significant 24-hour trading volume of 154.99M WAXP, equivalent to 7.04M USDT.

4. Candlestick Analysis:

Recent candles show bullish patterns, with higher highs and higher lows.

The resistance zone is near 0.048 based on the recent high, while support appears around 0.045.

Conclusion:

Bullish Momentum: Indicators show strong upward movement, but RSI approaching overbought levels may indicate short-term resistance.

Recommendation:

Monitor RSI and MACD for changes.

If resistance at 0.048 is broken, it could lead to further upside.