$WAXP /USDT – Ready for a Breakout?
Current Price: $0.02433 (+3.40% in 24h)
24h Volume: $4.13M USDT
Market Insight: Unusual buying activity detected with 417K USDT in 1 minute, signaling strong buyer interest!
Why $WAXP?
WAX is a layer-1 blockchain powering NFTs, gaming, and dApps with a focus on fast, eco-friendly transactions. With a circulating supply of 3.65B and a market cap of ~$88M, $WAXP is gaining traction in the NFT and gaming ecosystem. Recent pumps show 23.5% profit in just over a day
Technical Analysis:
Support: $0.02300 – A solid base where buyers are stepping in.
Resistance: $0.02500 – Breaking this could push $WAXP to $0.02700 or higher.
RSI: Approaching overbought but still room for upside momentum.
Strategy:
Breakout Entry: Buy above $0.02500 with high volume, targeting $0.02700.
Pullback Entry: Buy near $0.02350, with a stop-loss below $0.02300.
WAXP’s Edge: The WAX blockchain is a leader in NFT gaming, with 6M+ accounts and 15M daily transactions at its peak. Perfect for traders eyeing the play-to-earn trend
Risk Warning: Cryptocurrency trading carries high market risk. Only invest what you can afford to lose, and always conduct your own research.
