Waves price analysis: WAVES/USD shows dormant behavior at $4.42 after bearish run

The most recent Waves price analysis shows a bearish trend for the cryptocurrency as the bears have been at the winning edge for the last 24 hours. Although a strong bullish wave was controlling the price trend in the previous week, today's trend proved relatively in support of the sellers.

Timeline of Waves

As anyone interested in the cryptocurrency market has heard, the coin markets have been experiencing depreciation and contraction for a while. This issue, which is covered every day in the cryptocurrency news, causes new buyers to be involved in the market to worry.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. A week ago, Waves saw a near 50% surge from the $4.5 lows to reach $7.15.

Earlier this week, the WAVES price witnessed a significant inflow and jumped above the $6 resistance. However, a downsloping trendline of descending triangle pattern prevented further recovery and plunged the altcoin below $6.

WAVES just concluded its first two weeks of June on a downward trajectory that saw it push back to May lows. This is despite the little upside towards the end of May, which made it seem as if the bulls were back in control.

NEAR fell to a one-month low to start the weekend, as prices moved below their long-term support point. WAVES was also lower during Saturday's session, falling by as much as 14%. Overall, crypto markets are down nearly 5% as of writing. Near Protocol (NEAR) NEAR was one of the most notable movers to start the

Waves price analysis shows that the market has bearish momentum and is now facing a tough resistance near the $9.49 level. If WAVES/USD breaks below this level, it might retest the $8.01 support level.

Waves price analysis shows that the market has recently lost some of its bullish momentum and is now facing a tough resistance near the $9.87 level. If WAVES/USD breaks below this level, it might retest the $8.71 support level.

Waves Protocol founder, Sasha Ivanov, is of the opinion that the crypto industry would be better off without VC investment. He also pointed out that the Waves Protocol has zero VC investment.

Be[In]Crypto takes a look at the five cryptocurrencies that increased the most last week, more specifically from May 28 to July 3. The post WAVES Reclaims $9 Area After $140% Drop: Biggest Weekly Gainers appeared first on BeInCrypto.

WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued