2024

Long

Waves

<ul class="list-ic vertical">
 <li><span>1</span> <a>At the time of writing, the Waves crypto was trading at $2.45, recording a significant intraday gain of 3.50%.&nbsp;</a></li>
 <li><span>2</span> <a>The technical indicators imply a bullish outlook above all the key EMAs.&nbsp;</a></li>
</ul>
<p>The Waves crypto extended a rally towards the north on Saturday and currently trades near February’s high. The price trades in positive territory and is headed to test the recent hurdle of the $2.5 level.&nbsp;&nbsp;</p>
<p>Moreover, the price reversed its course and turned positive after bouncing off from the 200 day EMA. The buyers reestablished their presence at the lower level, which helped the WAVES crypto break out of a short term correction phase.</p>
<p>Earlier, the crypto topped out in January and entered a short term correction phase after the breakdown of 20-day and 50 Day EMAs. The sellers maintained their dominance till the first week of February and the price corrected nearly 32%.&nbsp;</p>
<p>Currently, the buyers are driving the price trend and are recovering the previous losses. The price is gaining momentum indicating the increasing participation of the buyers as the price is rising.&nbsp;</p>
<p>The most recent hurdle on the higher side is $2.5 level which might be the last defending zone for the sellers before the formation of a new high. If the buyers are able to surpass the $2.5 level with volume, it may unlock higher price potential of 20 to 25%.&nbsp;</p>
<p>On the higher side, the short term traders and investors may target higher supply level and previous high at $3 level if the price surpasses the recent supply level of 2.5 level.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="941" height="497" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-397.png" alt="Waves Crypto Eyes $3 Level as Bulls Keep Showing Up on Saturday" class="wp-image-194274" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-397.png 941w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-397-300x158.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-397-768x406.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-397-750x396.png 750w" sizes="(max-width: 941px) 100vw, 941px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="strong-waves-crypto-long-term-trend-analysis-strong"><strong>Waves Crypto Long Term Trend Analysis</strong></h2>
<p>Moreover, the long term outlook shows a continuation of a bullish trend after a short term correction. The WAVES price has been maintaining a positive outlook since October 2023. The price has risen from $1.5 in October to a high of $3 in January and thus gaining nearly 100%.&nbsp;</p>
<p>The recent price surge has indicated the termination of a correction phase and continuation of a new bullish wave.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-waves-crypto-indicator-analysis-strong"><strong>Waves Crypto Indicator Analysis</strong></h2>
<p>From a <a href="https://www.thecoinrepublic.com/2024/02/24/openocean-ooe-gained-strength-can-bulls-retain-0-02500/" target="_blank" rel="noopener noreferrer nofollow">Technical</a> perspective, Waves price has surpassed the 20-day and 50 Day EMA suggesting a positive sentiment in the short term. Moreover, the price trades comfortably above the 200-day EMA suggesting a bullish outlook in the long term.&nbsp;</p>
<p>At the time of writing, the MACD line and signal line both are placed above the zero line suggesting a positive sentiment dominating.</p>
<h2 class="wp-block-heading" id="strong-waves-price-prediction-february-2024-strong"><strong>Waves Price Prediction February 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-1024x472.png" alt="Waves Crypto Eyes $3 Level as Bulls Keep Showing Up on Saturday" class="wp-image-194275" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-398.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">WAVES/USD</a> Chart by TradingView
  </figcaption>
 </figure>
</div>
<p>The short term price forecast of our analyst assumes an upside potential of nearly 20 to 30% which may take the price near the round level of $3 level. While, the bearish outlook of our analysts assumes the price to break below the 50-day EMA.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-waves-crypto-price-prediction-2024-strong"><strong>Waves Crypto Price Prediction 2024</strong></h3>
<p>The price forecast for the year 2024 is that the WAVES token price could reach a high of $3.98, suggesting a potential gain of over 64.9% if the most positive conditions prevail. Moreover, the negative outlook of the analysts is that the price could reach $3.27.</p>
<h3 class="wp-block-heading" id="strong-waves-price-prediction-2025-strong"><strong>Waves Price Prediction 2025</strong></h3>
<p>By 2025, the Waves price may attain $6.08 on the higher side. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $4.39.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Waves Crypto Eyes $3 Level as Bulls Keep Showing Up on Saturday

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 24, 2024

SEC Acknowledges Bitcoin ETF Options Request, Invites Public Feedback

Crypto access issues raise questions about Nigeria’s regulatory intentions

Breaking News: Uniswap Price Soars with Proposed Staking Rewards. What’s Next?

Why does DeeStream (DST) presale see 30X after Ripple (XRP) fund & Ethereum (ETH) whale invest

FTX to sell European subsidiary for $33 million

Is Google’s AI Strategy Driving Users Away?

Join our free newsletter for daily crypto updates!