Latest WAX (WAXP) Price Analysis

Deep Dive

1. Web3 Gaming Slowdown (Bearish Impact)

Overview: The Web3 gaming sector, WAX’s core use case, saw a 17% drop in daily active users in Q2 2025, with funding down 93% YoY (DappRadar). While WAX led in transaction volume, broader sector consolidation and project closures (e.g., The Walking Dead: Empires) have pressured sentiment.

What this means: Reduced developer activity and player engagement could lower demand for WAXP’s NFT/gaming infrastructure. However, WAX’s focus on sustainable tokenomics (burn mechanisms, 3.9% inflation rate) may cushion long-term downside.

What to look out for: Q3 gaming metrics (October–November) and new partnerships with traditional studios like Sega or Ubisoft.

2. Technical Weakness (Mixed Impact)

Overview: WAXP trades at $0.0177, below its 7-day SMA ($0.0178) and 30-day SMA ($0.0190). The RSI-14 (44.9) suggests neutral momentum, while the MACD histogram hints at a potential reversal (+0.00003578).

What this means: Short-term bearish pressure persists due to overhead resistance, but oversold conditions haven’t materialized. A break above the 23.6% Fibonacci retracement ($0.0200) could signal recovery.

Key level to watch: $0.0168 (recent swing low) – a breach may accelerate selling.

3. Post-Event Profit-Taking (Neutral Impact)

Overview: The NFTOPIA 5 Metaverse Convention (August 16–17) initially boosted engagement, with WAX highlighted as a key partner. However, the 24h price dip aligns with typical post-event profit-taking, amplified by low liquidity (24h volume: $2.48M, -0.95%).

What this means: Short-term traders likely cashed out gains, but the event’s long-term branding benefits for WAX’s NFT/gaming ecosystem remain intact.

Conclusion

WAX’s decline reflects sector-specific headwinds and technical resistance, overshadowing its deflationary upgrades and event-driven momentum. Key watch: Can WAX hold $0.0168 support, or will broader gaming sector stagnation drive further downside?

Deep Dive

1. Ecosystem Momentum (Bullish Impact)

Overview: WAX’s price aligns with anticipation for the NFTOPIA 5 Metaverse Convention (AMBCrypto), where WAX is a highlighted platform, and recent SDK releases for mobile game development. A $10K bounty program incentivizes cross-chain game integrations.

What this means: Events and tooling updates attract developers and users, driving demand for WAXP as the native utility token. However, the NFTOPIA event occurred in August, so residual sentiment or follow-through initiatives may be at play.

What to look out for: Post-event engagement metrics (e.g., active wallets, transaction volume) and new game launches using WAX’s mobile SDKs.

2. Deflationary Tokenomics (Mixed Impact)

Overview: WAX’s shift from staking to PowerUp reduced new token issuance, with inflation now at 3.9% (WAX tweet). Increased network usage burns more tokens, creating a deflationary bias.

What this means: Reduced sell pressure from minting could support prices long-term, but short-term price action remains tied to speculative demand. The 24h trading volume of $2.85M (-10.76% vs prior day) suggests muted immediate impact.

3. Technical Rebound (Neutral Impact)

Overview: WAXP trades at $0.0180, above its 7-day SMA ($0.0176) but below the 30-day SMA ($0.0191). The RSI (43–47) signals neutral momentum, while Fibonacci resistance at $0.0194 (38.2% retracement) caps upside.

What this means: The price rebound lacks strong bullish confirmation. A sustained break above $0.0189 (50% retracement) is needed to signal trend reversal.

Conclusion

WAXP’s modest gain reflects a mix of ecosystem developments and tokenomics improvements, though broader market strength and technical resistance temper optimism. Key watch: Can WAXP hold above $0.0176 (7-day SMA) amid rising altcoin rotation? Monitor NFTOPIA post-event traction and PowerUp burn rates for directional cues.