Price Analysis

WAVES To Open Up Entry Zones Before A 60% Price Surge? Watch These Levels For Higher Profits!

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jun 2, 2022

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  Marketers from the industry are keen on buying potential digital assets, which could pose double-digit returns. As the bull season fades away from sight. Meanwhile, amidst the plethora of cryptocurrencies in the business, Waves has been garnering the interests of the masses with its greener candles. 

The spike in the intraday volumes comes in light of the announcement of the revival plan of USDN. The de-peg event of which had earlier lashed the price by over 90%. However, the result of the announcement has been reflecting in the price of WAVES, which has been posing double-digit gains. 

WAVES Now All Set To Surf The Tides?

  As aforesaid, the official announcement of the revival plan of USDN has turned imperative for WAVES. The master plan aims to restore the complete functioning of the ecosystem’s Defi projects. Wherefore, the price of WAVES has risen close to a 125% over the past four days. Successively, the altcoin has shot up from the bottom of $4.45 to $11.28

The digital coin at the time of press is changing hands at $9.99, with gains of 9.54% over the previous day. While the market capitalization is hovering around $1,083,035,420. The intraday volumes are up 35.77% at $3,301,645,304. The break above the crucial resistance at $7.82 instils faith in an upward trek. Howbeit, the Waves has witnessed a rejection at levels around $10

Successively, if the crypto asset fails to establish grounds at the $10 mark, going south the altcoin could open up purchase opportunities at $8.32. Following this, a rebound can be expected, as it has been the case in the past. That said, validating an upward momentum above the $10 milestone, could push WAVES to $12.3

Summing up, with Waves posing greener candles and developments, marketers are now keen on the future prospects of the digital asset. Read our WAVES price prediction, which illustrates the feasible targets for 2022 and the years to come!

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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