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01/26 12:54

WAVES Price 60% Jump Halts At $2.4. Is It A Buying

WAVES Price 60% Jump Halts At $2.4. Is It A Buying Entry Spot?

With a strong bullish trend in motion, the WAVES price trend sustains dominance over the $2 mark. Currently, the pullback phase in the uptrend brings an entry opportunity for sideline traders and teases a bounce back to higher levels. 
However, the slowdown in the altcoins market warns of a breakdown possibility like the support trendline fallout. So, should you consider buying this or wait for a breakout signal?
Source- Tradingview
The higher low formation trend in the WAVES price trend finds the support of the 50D EMA and reached the $3 mark in early 2024. However, the recent pullback to the support trendline leads to a longer consolidation compared to previous bounce-backs. 
However, the recent overnight jump of 1.88% finds the support of increased trading volume, improving the reversal chances. Currently, the WAVES price trades at .

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