A continued recovery in WAVES depends on these factors…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. While the sellers finally deny the bears an extended sell-off privilege at the $11.8 baseline, WAVES flipped the month-long trendline resistance to support.

Timeline of Waves

Waves [WAVES] was in the news after its prices saw a small recovery, but the tides have turned since then. In fact, when you zoom out and look at the candles with a bird's eye view, you can see that WAVES has been plunging into the red since the start of April.

This month was a fraught time for one alt coin community in particular. Between March and April 2022, Waves [WAVES] hit all-time-highs above $50 but since then, the price of the asset has plunged.