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Waves (WAVES/USD is currently trading at $9.13

. The price of WAVES is continuing to fall without any halt. WAVES is seeing slight resistance at $10.3. WAVES/USD is currently trading at $9.13. Source – TradingView The Waves pricing shows a strong bearish trend, with bears dominating the price charts for the majority of the months since October. After being rejected at $10.3…

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  • The price of WAVES is continuing to fall without any halt.

  • WAVES is seeing slight resistance at $10.3.

  • WAVES/USD is currently trading at $9.13.

Source – TradingView

The Waves pricing shows a strong bearish trend, with bears dominating the price charts for the majority of the months since October. After being rejected at $10.3 on January 27th, the price levels have sharply plummeted, and the coin value has dropped to the $9 zone. The bearish trend continues today, despite the collapse having an impact.

WAVES/USD one-day price chart: bulls advanced to $12.8 resistance level

The Waves price evaluation showed a downward trend over the weekend, and the price dropped to $8. 55 today. The previous week’s price chart was characterized by red candlesticks, indicating that bears were continually pushing the price to fall; however, bulls also made strong gains on January 26th, taking the price point to $12.8. Since then, bears have been impeding upward price trends, but today, the bears have gained a little profit as the price is currently locked in the $9.15region.

The MA trades at $9. 55, barely under the price point, while also remaining below the SMA50 curve, indicating a negative trend. Conversely, if we look at the 9 days Simple Moving Average signals, the resistance is at $16, indicating the highest volume pressure is at that level.

The four-hour Waves pricing analysis reveals that bulls dominated today’s price component for the majority of trading, but bears caused a sharp price fall today, after a bullish lead. Despite the low negative momentum, it has outperformed bullish momentum, making the daily candlestick bearish. Nevertheless, the value has been rising over the past eight hours.

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