WAVES Technical Analysis: Pattern Breakout Brings Bullish Reversal

The WAVES coin price action shows a double bottom breakout that may lead to a potential trend reversal and reach the $15 mark. Waves is an all-purpose blockchain platform that can be used for a variety of purposes, including apps that are decentralized (DApps) and smart contracts. The first DEX aggregator Puzzle Swap launches on Waves blockchain, causing investors to purchase Waves. This launch is a thrilling possibility to the community, given it is known that DEX aggregators are extremely sought-after as the adoption of crypto continues to grow. This suggests an increasing demand for the service, making the present a good opportunity to invest in the token. Let us move ahead to read about Waves technical analysis. Past Performance of WAVES WAVES coin price forms a double bottom pattern near the $8 mark after the downfall of almost 75% in the past four months. The correction phase started with the rejection near the $36 mark. However, the recent double bottom breakout brings a recovery of 50% from $8 resulting in a potential trend reversal. WAVES/USD Daily Chart WAVES Technical Analysis The WAVES coin price breaks above the neckline of a double bottom at $10.5 and continues to approach the $12.5 mark. However, the price struggles to rise above the $12.5 mark as the sellers attempt to undermine the bullish recovery. The crucial Exponential Moving Averages (50,100, and 200) show a bearish alignment in the daily chart with the 5...