WAXP/USDT Technical Analysis

22 juil.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

The WAXP/USDT pair has been in a downtrend since reaching its peak around September 2021.

The price has recently shown signs of bottoming out after rebounding from the support trendline at $0.03205.

#WAXP is currently facing resistance at the 21 EMA of $0.04649. Once it surpasses this level of resistance, we are likely to see a decent rally toward the resistance between $0.105 and $0.124.

Key Observations:

- Support/Entry: $0.0286 to $0.0364.
- Primary Resistance: 21 EMA Resistance at $0.04649.
- Higher Resistance/Initial Target: $0.105 to $0.124.
- RSI: Bullish momentum after hitting the oversold range.
- Invalidation Point: A breakdown and close below the lower support trendline.

DYOR, NFA.

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