Waves Price Prediction — Will WAVES Hit $40 Soon?
- Bullish WAVES price prediction is $31.57 to $36.18.
- The WAVES price will also reach $40 soon.
- WAVES bearish market price prediction for 2022 is $2.05.
In Waves’s (WAVES) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about WAVES to analyze the future movement of the cryptocurrency.
Waves Current Market Status
According to CoinGecko, the price of WAVES is $31.46 with a 24-hour trading volume of $709,855,487 at the time of writing. However, WAVES has decreased nearly 3% in the last 24 hours.
Moreover, WAVES has a circulating supply of 100,000,000 WAVES. Currently, WAVES trades in cryptocurrency exchanges such as Binance, OKX, Mandala Exchange, Bybit, and FTX.
What is Waves (WAVES)?
Waves is an open blockchain protocol and toolset for developing Web 3.0 applications and decentralized solutions to improve the security, reliability and speed of IT systems. This allows anyone to create their own applications, which contributes to the massive adoption of blockchain.
Waves (WAVES) Price Prediction 2022
Waves holds the 47th position on CoinGecko right now. WAVES price prediction 2022 is explained below with a daily time frame.
An ascending channel is a chart pattern that consists of two parallel upward-sloping lines. It occurs when a chart has higher swing highs and lower swing lows. There are different strategies that involve the ascending channel pattern. One of them relies on prices staying within the channel and is better to be employed in a low-or medium-volatility environment.
Currently, WAVES is in the range of $31.51. If the pattern continues, the price of WAVES might reach the resistance level of $36.18. If the trend reverses, then the price of WAVES may fall to $8.23.
Waves (WAVES) Support and Resistance Level
The below chart shows the support and resistance level of WAVES.
From the above daily time frame, it is clear the following are the resistance and support levels of WAVES.
- Resistance Level – $36.18
- Support Level 1 – $18.51
- Support Level 2 – $7.48
- Support Level 3 – $3.71
- Support Level 4 – $2.05
The charts show that WAVES has performed a bullish trend over the past month. If this trend continues, WAVES might run along with the bulls overtaking its resistance level at $36.18.
Accordingly, if the investors turn against the crypto, the price of the WAVES might plummet to almost $2.05, a bearish signal.
Waves Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of WAVES is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of WAVES lies below the cutoff line, indicating weaker participants in the current trend.
More so, the WAVES’s Moving Average (MA) is shown in the chart above. Currently, WAVES is in a bullish state. Notably, the WAVES price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of WAVES at any time.
Meanwhile, the relative strength index (RSI) of the WAVES is at level 83.12. This means that WAVES is in an overbought state. However, this means a major price reversal of WAVES may occur in the upcoming days. So, traders need to trade carefully.
Waves Price Prediction 2022 — ADX, RVI
Let us now look at Waves’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Waves. Currently, WAVES lies in the range of 72.90, so it indicates a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of WAVES. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of WAVES lies below the 50 levels, indicating that the direction of volatility is low. In fact, WAVES’s RSI is at 83.12 level thus confirming a potential buy signal.
Comparison of WAVES with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Waves.
From the above chart, we can identify the trend of the WAVES is moving at the upward trend. But, the recent trend of BTC and ETH moves in a downward direction.
Conclusion
With continuous improvements in the Waves network, we can say that 2022 is a good year for WAVES. For this reason, the bullish price prediction of Waves in 2022 is $36.18. On the other hand, the bearish WAVES price prediction for 2022 is $2.05.
Furthermore, with the advancements and upgrades on the WAVES ecosystem, the performance of WAVES would help to reach above its current all-time high (ATH) $32 very soon. But, it might also reach $40 if the investors believe that WAVES is a good investment in 2022.
FAQ
Waves blockchain is designed to help users create and launch custom crypto tokens.
WAVES has listed on many crypto exchanges which include Binance, OKX, Mandala Exchange, Bybit, and FTX.
With the ongoing developments and upgrades within the WAVES platform, it has a high possibility of reaching its ATH soon.
On May 04, 2021, WAVES reached its new all-time high (ATH) of $43.01.
Waves (WAVES) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WAVES in the past few months, WAVES is considered a good investment in 2022.
Waves (WAVES) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Waves (WAVES) will hit $40 soon.
Waves (WAVES) price is expected to reach $45 by 2023.
Waves (WAVES) price is expected to reach $50 by 2024.
Waves (WAVES) price is expected to reach $65 by 2025.
Waves (WAVES) price is expected to reach $74 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
The post has appeared first on thenewscrypto.com
Read more: https://thenewscrypto.com/waves-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
