$WAXP is currently positioned within a bullish market structure, trading at 0.02337 USDT, just below resistance at 0.02395 USDT. With an RSI of 55.53, indicating potential upward momentum, a breakout strategy may be viable if the price surpasses resistance, supported by the trading volume of 275,350. However, traders should be cautious of Bitcoin's volatility and macroeconomic developments, which could impact market sentiment significantly.
