1. BITBILIHome
  2. Article

Hourglass price analysis: WAIT to break above $0.328 resistance before a new uptrend?

• 136 views

TL;DR Breakdown

  • Hourglass price analysis shows bullish momentum.
  • Strong support for WAIT/USD is present at $0.306.
  • Resistance is present at $0.336.

The Hourglass price analysis reveals a bullish trend today. The WAIT/USD price level has reached the mark of $0.328, showing weak bullish momentum. The price is on a gradual rise after getting rejected at $0.347. Mixed market sentiment has been observed for the WAIT/USD pair today as the price oscillation is slow.

WAIT/USD 1-day price chart: WAIT moves up from $0.328

The 1-day Hourglass price analysis shows bullish momentum is on the go, and a further price increase is expected in the coming hours as bulls continue to push higher. However, bulls lack the required strength, as is evident from the almost stagnant price movement. The WAIT gained a value of 7.55 percent during the last 24 hours, which is mostly due to the price hike yesterday, and trading volume has increased by 126 percent today.

wait1d.328 resistance before a new uptrend?" src="https://en.bitbili.com/wp-content/uploads/2023/05/frc-ffc5b33d0dbef21a9c946e6b11d02bd7.png">Hourglass price analysis: WAIT to break above <img decoding=.328 resistance before a new uptrend?" src="https://en.bitbili.com/wp-content/themes/justnews/themer/assets/images/lazy.png" data-original="https://en.bitbili.com/wp-content/uploads/2023/05/frc-ffc5b33d0dbef21a9c946e6b11d02bd7.png">
WAIT/USD 24-hours price chart. Source: Tradingview

The Bollinger bands show high volatility, with the upper band at $0.349 representing resistance, and the lower band at $0.272, making an average of $0.310. The moving average (MA) is at the $0.314 mark as it crossed above the SMA 50 curve. The relative strength index (RSI) is in the upper half of the neutral zone with a score of 52, but its curve shows a lack of momentum from either side of the market.

WAIT/USD 4-hour analysis: Recent developments and further technical indications

The 4-hour Hourglass price analysis shows bulls are slowly but steadily marching towards the resistance mark of $0.336 as green candlesticks appear on the chart, indicating bullish progress. The WAIT bulls are successfully moving ahead, as no bearish activity was noted today. However, selling pressure can appear as well, as the bullish trend seems weaker today.

wait 4h.328 resistance before a new uptrend?" src="https://en.bitbili.com/wp-content/uploads/2023/05/frc-2cfb93966f28498abdfa94cb41f2ab4a.png">Hourglass price analysis: WAIT to break above <img decoding=.328 resistance before a new uptrend?" src="https://en.bitbili.com/wp-content/themes/justnews/themer/assets/images/lazy.png" data-original="https://en.bitbili.com/wp-content/uploads/2023/05/frc-2cfb93966f28498abdfa94cb41f2ab4a.png">
WAIT/USD 4-hours price chart. Source: Tradingview

The volatility is slowly decreasing on the 4-hour chart as the Bollinger bands converge. The upper end of the Bollinger bands is at the $0.345 mark, and the lower band is at the $0.305 mark. The average of Bollinger bands is coming close to the value of $0.325 below the price level. The moving average (MA) is at the $0.326 mark. The relative strength index (RSI) is moving in the upper half of the neutral zone with much more room for bullish practice and shows a number of 53.

Hourglass price analysis: Conclusion

The Hourglass price analysis is bullish for today. The cryptocurrency’s price is still moving higher, but as the RSI curve is flat on both charts above, it can be a correction time, but to a limited degree. We expect Hourglass (WAIT) to remain afloat near the current price level of $0.328 today.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Hourglass price analysis: WAIT to break above $0.328 resistance before a new uptrend?

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月2日 12:02
Next 2023年6月2日 13:11

Related articles

  • Binance requests removal of Cyprus unit’s registration to prioritize EU compliance efforts

    TL;DR Breakdown Binance, the world’s largest cryptocurrency exchange, has requested the deregistration of its Cyprus unit as a crypto service provider to prioritize compliance with the forthcoming EU MiCA legislation. The move comes shortly after Binance was sued by the U.S. SEC for alleged violations, including operating without registration and offering unregistered securities. Binance aims to concentrate on larger European markets and comply with MiCA regulations, while emphasizing its commitment to defending against the SEC charges and maintaining compliance with applicable laws. Binance, the world’s leading cryptocurrency exchange, has filed a request to rescind the registration of its Cyprus unit as a crypto service provider. The move aims to redirect the company’s focus towards fulfilling the requirements of the European Union’s forthcoming Markets in Crypto Assets (MiCA) legislation. This decision comes in the wake of Binance facing a lawsuit from the U.S. Securities and Exchange Commission (SEC), which alleged violations including operating without registration and offering unregistered securities. In response, Binance is proactively taking steps to ensure regulatory compliance and align with evolving industry standards. Binance’s Cyprus unit, which obtained…

    Article 2023年6月17日

  • ChatGPT and HBAR Integration Ignites a New Era of AI-Blockchain Fusion

    TL;DR Breakdown ChatGPT and HBAR Integration: The integration of ChatGPT with the Hedera network through a dedicated plugin allows seamless access to HBAR and token balances. Advantages and Potential: This fusion offers several benefits, including verifiable AI-generated content and fast, low-cost transactions. Description In an exciting development at the intersection of AI and blockchain technology, a ChatGPT plugin has been introduced that seamlessly interacts with the Hedera network. This integration allows users to access their HBAR (Hedera Hashgraph’s native cryptocurrency) and token balances effortlessly. By leveraging the decentralized nature of blockchain networks, ChatGPT securely interacts with the Hedera … Read more In an exciting development at the intersection of AI and blockchain technology, a ChatGPT plugin has been introduced that seamlessly interacts with the Hedera network. This integration allows users to access their HBAR (Hedera Hashgraph’s native cryptocurrency) and token balances effortlessly. By leveraging the decentralized nature of blockchain networks, ChatGPT securely interacts with the Hedera network’s services, including the Hedera Consensus Service (HCS), Hedera Token Service (HTS), and Smart Contract Service. This article explores the benefits of this AI…

    Article 2023年6月27日

  • 3AC co-founders promise to pay creditors from future earnings

    TL;DR Breakdown 3AC co-founders have promised to pay creditors from their gains in the future in what they called the ‘Shadow Recovery Process’ Controversy surrounds co-founders as the liquidation process drags on. Description The co-founders of Three Arrows Capital (3AC), a crypto hedge fund that collapsed in 2022, have announced their intention to donate a portion of their earnings from their latest crypto venture, Open Exchange (OPNX), to creditors who suffered losses in the fund’s collapse. Kyle Davies, one of the co-founders, expressed the belief that such a … Read more The co-founders of Three Arrows Capital (3AC), a crypto hedge fund that collapsed in 2022, have announced their intention to donate a portion of their earnings from their latest crypto venture, Open Exchange (OPNX), to creditors who suffered losses in the fund’s collapse. Kyle Davies, one of the co-founders, expressed the belief that such a gesture would be a form of “good karma” towards the creditors. 3AC co-founders plan ‘Shadow Recovery Process’ During a Twitter Space session on July 3, Davies outlined the proposed “shadow recovery process” as an…

    Article 2023年7月6日

  • Rollbit enhances tokenomics strategy to elevate RLB token worth

    TL;DR Breakdown Rollbit introduces Buy and Burn program, enhancing the RLB tokenomics strategy. The program uses daily revenues to acquire and burn RLB tokens from various platform segments. The goal is to reduce token supply, boost scarcity, and increase token value. Description Rollbit, the cryptocurrency gaming site, has unveiled a substantial enhancement to its tokenomics strategy, signaling a new phase for RLB tokens. In an announcement by Rollbit.com’s co-founder and active Twitter user, @Lucky_Rollbit, the platform introduced the innovative Buy and Burn program. This groundbreaking initiative is poised to redefine the dynamics of RLB tokens within the … Read more Rollbit, the cryptocurrency gaming site, has unveiled a substantial enhancement to its tokenomics strategy, signaling a new phase for RLB tokens. In an announcement by Rollbit.com’s co-founder and active Twitter user, @Lucky_Rollbit, the platform introduced the innovative Buy and Burn program. This groundbreaking initiative is poised to redefine the dynamics of RLB tokens within the crypto gaming space. Under this strategic move, Rollbit commits a specific portion of its daily revenues to acquiring and burning RLB tokens. Impressively, these earnings…

    Article 2023年8月9日

  • Arbitrum price analysis: ARB gains value at $1.20 after a bullish run

    TL;DR Breakdown Arbitrum price shows a positive trend at $1.20 as the bulls take the lead in the market. The buying pressure is strong, and the ARB coin is up by nearly 2.48% in the last 24 hours. Resistance and support levels for the coin are seen at $1.21 and $1.14. The Arbitrum price analysis shows a strong bullish movement, as the ARB/USD pair has breached the $1.14 mark and is now trading above this level. Despite opening today’s session at $1.15, the bulls have gained over 2.48 per cent in the past 24 hours, pushing Arbitrum’s price higher and supporting an uptrend. Cryptocurrency price heat map: Coin 360 At the time of writing, ARB, the native token of Arbitrum, is trading at $1.20, with strong support at the $1.14 level. The bearish was also in control of the price for some time, but then the bulls came in and pushed the prices higher. Most of the cryptocurrencies today are trading in the green, with top coins such as Bitcoin and Ethereum gaining close to 1.35% and 0.25%, respectively, in…

    Article 2023年5月18日
TOP