$WAXP
has shown a strong bullish breakout on the daily timeframe, with price pushing up aggressively after a prolonged consolidation phase. The sudden spike in volume confirms that buyers have stepped in with momentum, indicating potential trend reversal from the previous downtrend.
Price has successfully moved above the key moving averages (MA25 & MA99), which now act as dynamic support zones. This shift suggests increasing bullish strength, and if the price sustains above this level, we may see continuation toward the next resistance zone around 0.0095–0.0100.
However, after such a sharp move, a short-term pullback or retest of the breakout zone near 0.0075–0.0078 is possible. Holding this level will be crucial to maintain bullish structure. If volume remains strong on dips, it will further validate continuation.
Overall, the trend is turning bullish, but watching confirmation and volume behavior on pullbacks will be key for safer entries.
Not Financial Advice
#WAXP #Crypto #Trading #Binance
has shown a strong bullish breakout on the daily timeframe, with price pushing up aggressively after a prolonged consolidation phase. The sudden spike in volume confirms that buyers have stepped in with momentum, indicating potential trend reversal from the previous downtrend.
Price has successfully moved above the key moving averages (MA25 & MA99), which now act as dynamic support zones. This shift suggests increasing bullish strength, and if the price sustains above this level, we may see continuation toward the next resistance zone around 0.0095–0.0100.
However, after such a sharp move, a short-term pullback or retest of the breakout zone near 0.0075–0.0078 is possible. Holding this level will be crucial to maintain bullish structure. If volume remains strong on dips, it will further validate continuation.
Overall, the trend is turning bullish, but watching confirmation and volume behavior on pullbacks will be key for safer entries.
Not Financial Advice
#WAXP #Crypto #Trading #Binance