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Technical Analysis: WAVES, AVAX and Near Trade More Than 20% Higher Tuesday

AVAX, NEAR, and WAVES were the most notable gainers Tuesday.

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Technical Analysis: WAVES, AVAX and Near Trade More Than 20% Higher Tuesday

Crypto markets were more than 14% higher at writing. LUNA also rose, climbing as high as 22% during today's session.

WAVES

WAVES was the clear winner during Tuesday's trading session. It rose as high as 46%.

Today's rally of WAVES/USD saw prices rise to their highest level since December 17th, hitting the long-term resistance level of $19.60.

This surge is due to yesterday's session breaking the $12.60 ceiling, and gains continuing throughout today.

WAVES reached an intraday high at $19.67 as of this writing, less than 24 hours after trading at $12.63.

The chart shows that profit-takers immediately closed their positions when WAVES reached resistance.

The price strength also climbed at its highest level ever, with the 14 day RSI now tracking above 75.

NEAR Protocol (NEAR).

AVAX rose by up to 20% on Tuesday but losses in cryptocurrency fell as bullish pressure subsided.

However, NEAR was trading at 20% earlier today and is still trading as of Tuesday's close.

NEAR/USD climbed to $11.53 at the time of writing today, after a low of $9.10 in the intradays.

Bullish pressure has been able to see NEAR rise in two consecutive sessions, moving away form its $8.11 support point.

Prices traded at their lowest level since December 5th, but bulls appeared to be back after a break below the 50 level of the 14-day RSI.

Waves now appears to be heading for the $12 resistance. If it hits this level, bears or profit-takers may see it as an opportunity to liquidate.


 

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