In this WAX technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAXP-BTC. WAX is a blockchain-based platform that enables creators to easily issue and manage their own unique digital assets. These assets can be bought, sold, and traded on the WAX marketplace, providing creators with a new way to monetize their digital content. With its focus on ease of use and accessibility, WAX is poised to revolutionize the way we think about digital ownership and commerce.
WAX Price Overview:
As of June 17, 2024, WAX is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for WAXP-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 3,059,659.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): WAX reached a daily high of around 0.0 BTC.
- Low (L): The daily low for WAXP-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, WAX is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -12.33% |
| 3D Change (%) | -14.67% |
| 7D Change (%) | -20.00% |
| 30D Change (%) | -33.33% |
| 90D Change (%) | -47.11% |
| YTD Change (%) | -61.21% |
Over the past three days, WAXPBTC has dropped by approximately -14.67%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -20.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WAXPBTC maintaining a downward trend of approximately -33.33%, despite intermittent fluctuations. Examining the last 90 days, WAXPBTC has witnessed substantial decline of approximately -47.11%, reflecting strong long-term confidence. Year-to-date, WAXPBTC has steadily depreciated by around -61.21%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
WAX Live Chart:
You can access a live price chart for WAXP-BTC 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 0.53719.
- Momentum score is -0.35354.
WAXP BTC Technical Analysis
WAX Trading Volume:
The trading volume for WAX (WAXP) over the past 24 hours has been significant, with approximately 3,059,659.00 BTC traded against WAXP. 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): WAXP is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): WAX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WAXP-BTC is currently in the extreme zone, around 26.11156. This suggests that WAX is in oversold territory.
Analysis from TradingView:
Our Key Takeaways:
WAX (WAXP-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the extreme RSI and significant trading volume are extreme signals for potential reversal movement.
Understand WAX’s (WAXPBTC) challenges at 6.40e-07 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on WAXP USDT WAX Technical Analysis; it’s a natural follow-up if you enjoyed this post.
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.