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. Key technical points: WAVES coin price reaches the $23 mark. The RSI slope sustains in the overbought territory. The 24-hour trading volume in the Waves is $1.80 Billion, indicating a 112% rise. Past Performance of WAVES 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. Source-Tradingview WAVES Technical Analysis 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 Indi...