Waves Price Prediction: WAVES Breaks $1.50 Barrier – Is Mass Adoption on the Horizon?

Updated: 29 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

WAVES has recorded a slight gain in the last 24 hours. The token was trading at $1.50 at the time of writing.

WAVES has traded between $1.49 to $1.54, indicating mild volatility. The price action has seen the token surpassing the resistance level at $1.51.

However, buying activity was not strong enough to push WAVES higher. As such, the token now holds a critical level at $1.50.

WAVES has posted a slight 0.67% gain in trading volumes in the last 24 hours to around $16 million. The market capitalization has also dropped to $168 million.

WAVES Fights To Hold Support At $1.50

WAVES is currently struggling to hold a support level of $1.50. While the selling activity seen mid-this month has cooled down, a trend reversal has yet to be confirmed.

WAVES is down 4.7% in the last 24 hours, dropping by 20% in just two weeks. The price movement in recent weeks mirrors what has happened across the broader market.

WAVEWS first dropped the $2 level on July 30, and it has not rallied back to these levels again in the last month.

A sharp downtrend started on August 15, with the price plunging to a monthly low of $1.45 on August 18.

A slight uptrend was seen last week, with the price recovering past $1.50. By August 23, WAVES had rallied to $1.65, but buyers have failed to sustain this rally.

A steady downtrend has been reported in the past week, and the token is now recording lower lows. Buyers and sellers appear undecided as WAVES struggles to hold $1.50.

WAVES Set To Undergo Decline

WAVES is set to continue the bearish trend, which will plunge to $1.372.A complete red candle has already confirmed the bearish flag pattern.

The Relative Strength Index (RSI) at 40 shows that selling activity has intensified. The RSI line is also tipping south, also showing a falling momentum.

If the $1.50 level fails to hold, WAVES could likely create a new monthly low below $1.45.

Waves Unveils Waves Marketing DAO

The recent slight gains come after Waves launched its Waves Marketing DAO. The DAO agency comprises a capable team, decision-makers, and treasury depositors that will fund operations.

🚀 Introducing the Waves Marketing DAO – Dive into the world of decentralized marketing agency participation!

🌐 In the realm of DAOs, creativity knows no bounds. Yes, even marketing can be powered by a DAO. Let's take a peek into how it works with a DAO-based marketing agency.…

— Sasha.waves (@sasha35625) August 28, 2023

Through this initiative, projects will pay for marketing with their tokens. These tokens will later be integrated into the DAO treasury. The DAO allows anyone to participate in decision-making and fuel operations.

Sonik Presale Powers Past $682,000

The Sonik presale is garnering much attention across the cryptocurrency industry. The presale has raised over $682,000, with only seven days left.

https://www.youtube.com/watch?v=yCX2Wl-6BDo

SONIK has distinguished itself from other meme coins by offering holders utility. The ecosystem includes a stake-to-earn feature where the holders can earn staking rewards.

Early SONIK buyers are already depositing into the staking smart contract. These offerings will see SONIK emerge as a leading meme coin in the market.

PlayDoge (PLAY) - Newest ICO On BNB Chain

Rating