$WAXP

/USDT Technical Analysis – Binance

Current Price: $0.04630

24h High: $0.04801 | 24h Low: $0.04106

24h Change: +11.03%

Key Levels to Watch:

1. Support Level: $0.04480

This level has been tested multiple times and acted as strong support recently. Breaking below could lead to further downside toward $0.04414.

2. Resistance Level: $0.04801

The recent 24h high presents an important resistance level. A breakout above this could push WAXP closer to $0.04821 and potentially $0.04900.

3. Moving Averages:

MA(7): $0.04636

MA(25): $0.04644

MA(99): $0.04440

Both shorter-term MAs indicate a bullish bias, suggesting potential upside momentum if WAXP holds above these levels.

Potential Targets:

1. Target 1: $0.04800

A breakout above this level could lead to a further push towards $0.04821 and potentially $0.04900.

2. Target 2: $0.04680

A consolidation near $0.04680 could provide the base for another upward move towards resistance levels.

3. Target 3: $0.04400

Should the price pull back, a key support to watch is around $0.04400, which aligns with MA(99) and could serve as a potential buying opportunity.

Conclusion:

The current trend for WAXP/USDT shows bullish momentum, with important levels to watch for possible resistance and support. Traders should closely monitor price action around key levels and moving averages to capitalize on potential opportunities.