WAVES coin price outperforms the sellers at $20 and shows an expansive overnight growth as the crypto market shows a tinge of recovery.

Key technical points:
<ul>
 	<li style="font-weight: 400">WAVES coin price reaches the $23 mark.</li>
 	<li style="font-weight: 400">The RSI slope sustains in the overbought territory.</li>
 	<li style="font-weight: 400">The 24-hour trading volume in the Waves is $1.80 Billion, indicating a 112% rise. </li>
</ul>
<h2>Past Performance of WAVES</h2>
WAVES prices show an overnight growth of 26% resulting in the breakout of $20 and creating a bullish engulfing candlestick in the daily chart. The engulfing candle undermines the previous higher price rejection candlesticks and the sellers at $20. The altcoin shows a bullish continuation at press time and breaks above $23.

<img src="https://s3.tradingview.com/snapshots/q/QEmkvUwF.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/QEmkvUwF/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>WAVES Technical Analysis </h2>
WAVES prices show an uptrend continuation with the recent bullish rally after the $17 and 200-day EMA retest. Hence, the upcoming rally might shortly approach $25 as buying pressure increases, evidenced by the growth in trading volume. 

The 50 and 100-day EMAs take a sharp reversal and might shortly give a bullish crossover in the daily chart. Moreover, the rally continues after a 200-day EMA retest. Therefore, the EMAs can continue to provide emotional support to the rising prices. 

RSI Indicator: The RSI slope persists in the overbought territory and surpasses the 80% mark with the ongoing uptrend. However, the rising trend might show a short-term retracement to unsaturate the overbought nature. 

Stochastic RSI Indicator: The K and D lines move sideways as they give a sharp reversal with a bullish crossover. 

In a nutshell, WAVES technical analysis shows a high likelihood of a bullish continuation to the $25 mark. 
<h2>Upcoming Trend</h2>
<a href="https://www.cryptoknowmics.com/news/waves-technical-analysis-must-surpass-20-to-continue-the-uptrend/">WAVES</a> coin price action showcases a rise in the buying pressure that may shortly surpass the $25 mark and continue the bullish rally. However, closing below the $20 mark will invalidate the bullish thesis and draw the price back to the 200-day EMA.

Support Levels: $20 and $17

Resistance Levels: $25 and $30

WAVES Technical Analysis: Uptrend Skyrockets Above $20 Mark

WAVES coin price outperforms the sellers at $20 and shows an expansive overnight growth as the crypto market shows a tinge of recovery.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

WAVES Technical Analysis: Uptrend Skyrockets Above $20 Mark

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