$WAXP Technical Analysis for WAXP/USDT – Binance
📊 Current Price: 0.05021 USDT (+7.61%)
The WAXP/USDT pair is currently in an uptrend, gaining over 7.5% in the past 24 hours. Let's dive into the technical analysis to determine potential price targets 🎯 for the near term.
Key Levels to Watch:
Support: 0.04621 USDT
Resistance: 0.05204 USDT
Current Price: 0.05021 USDT
Price Targets:
1. First Target (0.05234 USDT):
The price has shown a solid resistance near 0.05204, but breaking through to 0.05234 could signal a continuation of the bullish trend. This would align with the moving averages (MA5 and MA10) suggesting upward momentum.
2. Second Target (0.054 USDT):
A break above the 0.05234 level could pave the way to 0.054, where the next resistance could come into play. Pay attention to volume spikes, as they indicate strong buying interest.
3. Third Target (0.056 USDT):
If bullish momentum persists, we could see price pushing toward 0.056 USDT. This level could be reached if the market maintains its strength and volume continues to rise.
Indicators:
MA (5): 8,161,758
MA (10): 10,028,410
MACD: Bullish divergence forming
Bollinger Bands: Price nearing the upper band, indicating potential for a breakout.
Conclusion:
The WAXP/USDT pair is currently in a favorable upward trend, with potential for further gains. Watch for support at 0.04621 and resistance at 0.05234. A break above this level could bring us closer to the next targets.
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