🔍 WAXP Analysis – Oversold RSI at Key Support 🔍
🧠 WAXP (Worldwide Asset eXchange), a trending altcoin in the NFT ecosystem, is down 4.20% to $0.02030. After a steep drop, it’s now testing its 4H support zone with RSI signaling extreme oversold conditions.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.02010
- Resistance: $0.02146
- Pattern: Breakdown from recent highs, testing bottom range
- Volume: 5.14M – rising during decline
- RSI: 21.56 – deeply oversold, potential for bounce
- MA(5): 2.98M vs MA(10): 2.78M – short-term average slightly elevated
- Outlook: Bearish, but RSI suggests possible short-term relief
📰 Market Data & News
- Price: $0.02030
- 24h Change: -4.20%
- No major headlines or listings reported
🔄 Scenario Breakdown
- Bullish Case: RSI bounce and volume recovery could push price back toward $0.02146
- Bearish Case: Breakdown below $0.02010 confirms continuation toward $0.0195 zone
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🔴 High – Volatile price swings, weak support, unclear trend
Will WAXP rebound from $0.02010 or continue sliding? Drop your take below 👇
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
WAXP #TheCryptoMalik