$WAXP 🤑💰🔥💯

/USDT Technical Analysis: Current Market Insights

The WAXP/USDT pair has shown impressive momentum, currently trading at $0.04674, reflecting a +9.72% gain in the last 24 hours. With the price moving steadily upward, the market appears poised for further bullish activity, although caution is advised as the volatility remains present.

Key Levels:

24h High: $0.04836

24h Low: $0.04213

Price Action & Trend:

The recent price movement reveals a slight +0.06% increase, maintaining a price around $0.04674, which is above the support level of $0.04500. A break above $0.04800 could signal further bullish continuation, with a potential target towards $0.04900. However, watch for a reversal if the price falls below the $0.04500 level, as this could lead to retesting lower support zones around $0.04200.

Market Indicators:

24h Volume (WAXP): 160.09M, indicating strong buying interest.

24h Volume (USDT): 7.38M, showing active participation in the market.

Conclusion:

The current trend is bullish, but traders should keep an eye on the support and resistance zones. If the price maintains above $0.04500, there may be more upward momentum. Keep monitoring the price for any breakout or retracement opportunities.

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Feel free to adjust or add any specific trading strategies or insights as needed!