In this Waves technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAVES-USDT. Waves is a blockchain-based platform that enables the creation and trading of custom tokens, allowing users to easily issue and manage their own digital assets. The platform utilizes a novel consensus algorithm called Leased Proof of Stake (LPoS), which provides fast and secure transactions while also incentivizing participants to contribute to the network’s security. With its user-friendly interface and versatile features, Waves has attracted a growing community of users looking to create and trade their own digital assets.
Waves Price Overview:
As of June 19, 2024, Waves is trading at approximately 1.076 USDT. Let’s dive into the detailed price action for WAVES-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.034 |
| High (H) | 1.082 |
| Low (L) | 0.951 |
| Close (C) | 1.076 |
| Volume (C) | 854,905.34 |
- Open (O): The opening price for today’s trading session was approximately 1.034 USDT.
- High (H): Waves reached a daily high of around 1.082 USDT.
- Low (L): The daily low for WAVES-USDT was approximately 0.951 USDT.
- Close (C): At the time of analysis, Waves is trading near its daily close of 1.076 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 4.06% |
| 3D Change (%) | -6.60% |
| 7D Change (%) | -16.33% |
| 30D Change (%) | -57.28% |
| 90D Change (%) | -66.48% |
| YTD Change (%) | -59.79% |
Over the past three days, WAVESUSDT has decreased by approximately -6.60%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -16.33%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WAVESUSDT maintaining a downward trend of approximately -57.28%, despite intermittent fluctuations. Examining the last 90 days, WAVESUSDT has witnessed substantial drop of approximately -66.48%, reflecting strong long-term confidence. Year-to-date, WAVESUSDT has steadily dropped by around -59.79%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Waves Live Chart:
You can access a live price chart for WAVES-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.2146.
- Momentum score is -0.56472.
WAVES USDT Technical Analysis
Waves Trading Volume:
The trading volume for Waves (WAVES) over the past 24 hours has been insignificant, with approximately 854,905.34 USDT traded against WAVES. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): WAVES is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Waves is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WAVES-USDT is currently in the low zone, around 30.25545. This suggests that Waves is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Waves (WAVES-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Waves (WAVESUSDT) at 1.08 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on WAVES BTC Waves Technical Analysis if you found this post intriguing.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.