Waves Price Forecast – Will WAVES Hit $40 Soon?

WAVES

The bullish WAVES price forecast is $31.57 to $36.18. The WAVES price will also reach $40 soon. WAVES bearish market price forecast for 2022 is $2.05.

In Waves (WAVES) 2022 price forecast, we use statistics, price patterns, RSI, RVOL and many other information about WAVES to analyze the future movement of the cryptocurrency.

Waves Current Market Status

According to CoinGecko, the price of WAVES is $31.46 with a 24-hour trading volume of $709,855,487 at the time of writing. However, WAVES is down nearly 3% in the past 24 hours.

In addition, WAVES has a circulating supply of 100,000,000 WAVES. Currently, WAVES trades cryptocurrency exchanges such as Binance, OKX, Mandala Exchange, Bybit, and FTX.

What are waves (WAVES)?

Waves is an open blockchain protocol and toolset for developing Web 3.0 applications and decentralized solutions to improve the security, reliability and speed of IT systems. This allows anyone to create their own applications, contributing to the mass adoption of blockchain.

Waves (WAVES) Price Forecast 2022

Waves currently ranks 47th on CoinGecko. WAVES price forecast 2022 is explained below with a daily time frame.

WAVES/USDT ascending channel pattern (Source: Tradingview)

An ascending channel is a chart pattern consisting of two parallel ascending lines. It occurs when a chart has higher swing highs and lower swing lows. There are several strategies that involve the ascending channel pattern. One of them relies on prices staying within the channel and is better used in a low or medium volatility environment.

Currently, WAVES is in the $31.51 range. If the pattern continues, WAVES price may reach the USD 36.18 resistance level. If the trend reverses, the price of WAVES could fall as low as $8.23.

Waves (WAVES) Support and Resistance Level

The chart below shows the support and resistance level of WAVES.

WAVES/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear that the following resistance and support levels are from WAVES.

Resistance Level – $36.18Support Level 1 – $18.51Support Level 2 – $7.48Support Level 3 – $3.71Support Level 4 – $2.05

The charts show that WAVES has been on a bullish trend for the past month. If this trend continues, WAVES could trail with the bulls overtaking its resistance level at $36.18.

Accordingly, if the investors turn against the crypto, the price of the WAVES could drop to close to $2.05, a bearish signal.

Waves Price Forecast 2022 — RVOL, MA and RSI

The relative volume (RVOL) of WAVES is shown in the graph below. It is an indicator of how the current trading volume has changed over time from the previous volume for traders. Currently, WAVES’ RVOL is below the boundary line, indicating weaker participants in the current trend.

What’s more, the moving average (MA) of the WAVES is shown in the chart above. Currently, WAVES is in a bullish state. It is striking that the WAVES price is above 50 MA (short term), so completely on an upward trend. Therefore, there is a possibility of a reversal trend of WAVES at any time.

Meanwhile, the relative strength index (RSI) of the WAVES is at the 83.12 level. This means that WAVES is in a state of overbought. However, this means that there could be a major price reversal of WAVES in the coming days. So traders should act with caution.

Waves Price Forecast 2022 — ADX, RVI

Now let’s look at Waves Average Directional Index (ADX). It helps to gauge the overall strength of the trend. The indicator is the average of the growing price range values. This system attempts to measure the strength of price movements in positive and negative directions using DMI indicators with ADX.

The chart above shows the ADX of waves. Currently, WAVES is in the 72.90 range, so it indicates a very strong trend.

From the chart above, the relative volatility index (RVI) of WAVES. RVI measures the constant deviation of price changes over a period of time rather than price changes. WAVES’ RVI is below 50 levels, indicating that the direction of volatility is low. In fact, WAVES’s RSI is at the 83.12 level, confirming a potential buy signal.

Comparison of WAVES to BTC, ETH

The chart below shows the price comparison between Bitcoin, Ethereum and Waves.

BTC vs ETH vs WAVES Price Comparison (Source: TradingView)

From the chart above, we can see that the trend of the WAVES is moving in an uptrend. But the recent trend of BTC and ETH is moving in a downward direction.

Conclusion

With continuous improvements in the Waves network, we can say that 2022 is a good year for WAVES. For this reason, Waves’ bullish price forecast in 2022 is $36.18. On the other hand, the bearish WAVES price forecast for 2022 is $2.05.

In addition, with the advancements and upgrades of the WAVES ecosystem, WAVES performance should help it rise above the current all-time high (ATH) $32 very soon. But it can also reach $40 if the investors believe that WAVES is a good investment in 2022.

FAQ

1. What is waves?

Waves blockchain is designed to help users create and launch custom crypto tokens.

2. Where can you buy WAVES?

WAVES has listed on many crypto exchanges, including Binance, OKX, Mandala Exchange, Bybit, and FTX.

3. Will WAVES reach a new ATH soon?

With the continuous developments and upgrades within the WAVES platform, it has a great chance of reaching its ATH soon.

4. What is Waves’ current all-time high (ATH)?

On May 4, 2021, WAVES reached its new all-time high (ATH) of $43.01.

5. Is WAVES a good investment in 2022?

Waves (WAVES) seems to be one of the top scoring cryptocurrencies this year. According to the recorded performance of WAVES in recent months, WAVES is considered a good investment in 2022.

6. Can Waves (WAVES) Reach $40?

Waves (WAVES) is one of the active cryptos that continues to maintain its bullish status. Ultimately, if this bullish trend continues, Waves (WAVES) will soon reach $40.

7. What will the WAVES price be in 2023?

The price of Waves (WAVES) is expected to reach $45 in 2023.

8. What will the WAVES price be in 2024?

The price of Waves (WAVES) is expected to reach $50 in 2024.

9. What will the WAVES price be in 2025?

The price of Waves (WAVES) is expected to reach $65 by 2025.

10. What will the WAVES price be in 2026?

The price of Waves (WAVES) is expected to reach $74 in 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It is not interpreted as investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

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