TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Waves Technical Analysis: WAVES/USD massive 63% price explosion takes waves to $3.47 after Binance announcement

  • WAVES/USD got a USDT-margined perpetual futures contract on Binance and has exploded in value.
  • The trading volume of WAVES also has seen a significant increase.
Waves Technical Analysis: WAVES/USD massive 63% price explosion takes waves to $3.47 after Binance announcement
Lorenzo StroeLorenzo StroeIndependent Analyst

As the time of writing, WAVES is breaking out above $3.47 after a gigantic 63% price surge within just hours of the announcement from Binance. Waves is now close to the high at $3.54 established in May 2019.

WAVES/USD daily chart

WAVESUSD

Not much can be said about the daily chart, clearly, WAVES is extremely bullish right now and facing very little resistance to the upside. The RSI is heavily overextended at 91 points but FOMO is simply too strong. The massive increase in trading volume in the past two days indicate the bullish breakout is real.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
Share:

Editor's Picks

XRP pressured by weak ETF flows and declining retail interest

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

Bitcoin falls to two-week low as ETF outflows, tariff chaos weigh

Bitcoin falls to two-week low as ETF outflows, tariff chaos weigh

Bitcoin price extends losses on Tuesday, ending a two-week consolidation phase. Risk-on sentiment fades amid growing uncertainty over Trump’s tariffs and rising US-Iran tensions, increasing downside risks toward $60,000.

Sui Price Forecast: SUI capitulates under pressure, opens the door to $0.70

Sui Price Forecast: SUI capitulates under pressure, opens the door to $0.70

Sui (SUI) declines by 3% at press time on Tuesday, extending the downside breakout of a short-consolidation range confirmed the previous day. Retail sentiment is bearish, as evidenced by increased long liquidations and a sharp drop in the funding rate. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.