Bullish Waves price prediction: $29.21-$42.19. Waves might soon hit $50. Waves forecast a pessimistic market price of $20.96 in 2021.
This WAVES Price Prediction 2021-2023 is purely technical. Below are the primary metrics we used to forecast and analyze the WAVES coin price.
Waves (WAVES) is a cryptocurrency that stunned the crypto community early this year. Besides, WAVES set a new high of $41.33 in May 2021. WAVES has also achieved a year-on-year rate of growth of over 1,000%. As an outcome, WAVES is currently a hot topic in the crypto industry.
With all of these accomplishments, Waves is a cryptocurrency with great potential. In fact, the network employs leased proof-of-stake, a variant of the proof-of-stake consensus technique (LPoS). Best of all, this Waves LPoS allows entire nodes to profit from manufacturing new blocks.
WAVES price analysis and forecast look at how WAVES performs if it reaches $50. But first, let us discover more about Waves (WAVES) and its present market position.
WAVES
WAVES is a blockchain-based platform. It allows developers to produce cryptocurrencies without considerable intelligent contract development. As a result, scripts running on user accounts can manage and create Waves blockchain coins. Waves help developers create crypto faster on its platform.
WAVES are the network’s native virtual asset. These tokens are rewards for all WAVES participants and are used to pay for all costs associated with the platform initiatives. WAVES tokens are available on major decentralized exchanges. Binance, FTX, OKEx, Huobi Global, and Upbit are a few examples.
WAVES’ Market
WAVES is one of the most aggressive cryptocurrencies today. In reality, crypto has grown by over 1,000% in the last year. Because of this, WAVES has become a hot topic in the crypto industry.
According to CoinGecko, the coin ranks among the top 50 cryptocurrencies. This resulted in a nearly $2,958,447,083 market capitalization and a $392,668,740 24-hour trading volume. Indeed, the worldwide market status of crypto draws global investment.
Do you believe WAVES cryptocurrency is a decent investment this year now that you know what it is? If you’re curious, let’s check out this WAVES price prediction and analysis post.
WAVES 2021 Prediction
WAVES is currently ranked 46th on CoinGecko. But will the WAVES blockchain’s latest upgrades, innovations, and modifications help the cryptocurrency price rise?
Waves held their position against the bears early in the month. In other words, WAVES is preparing for a possible bullish rally. The crypto may go beyond its resistance level with the bullish price scenario. Assuming the bullish market continues to reside with WAVES.
If the bulls turn on crypto, WAVES may decline in value. WAVES may break out of its uptrend and plunge to a negative price—a pattern of price breakdown or breakout after a period of consolidation. A breach of the lower trendline signals a new bearish trend. A flight from the upper trendline signals the start of a new bullish trend. Furthermore, WAVES began the month in a bullish trend. It is due to the large transaction volume during that period.
WAVES is overbought based on the RSI of 69.66. So, the price may reverse at any time. So traders must trade crypto prudently and not be swayed by market mania. Aware of the crypto market’s unpredictable swings, traders can avoid surprise losses.
WAVES’ SMA and EMA
WAVES pricing has seen multiple intense swings since the start of 2021. Fluctuations, consolidation, and corrections quickly follow these. Given this, WAVES will have a competitive market in 2021.
The WAVES price is rising. WAVES may break its $42.19 resistance level and move higher if this trend continues.
If investors do not like crypto, the bears may take over and drag WAVES out of its rally. WAVES’ price may fall to nearly $20.96, indicating a bearish indicator.
WAVES price prediction 2021 is bullish. It is likely to surpass its current ATH of $41.33 this year. Moreover, WAVES can only reach ATH if it overcomes various psychological barriers.
WAVES 2022 and 2023 Forecast
By the end of 2022, WAVES will approach $75 if the trend continues. Also, the first part of 2022 will see a rapid rise, up to $80—rising rates projected to moderate in the coming months. With new alliances and innovations, $75 is a price target that is ambitious and achievable shortly.
If WAVES can hold the long-term moving average (200-MA) support level, purchasers will have enough time and stability to create the next attack mission on the critical level at $100, preventing a crash.
