Waves (WAVES) Price Prediction — Will WAVES Hit $50 Soon?

Waves (WAVES) Price Prediction — Will WAVES Hit $50 Soon?
  • Bullish WAVES price prediction for 2022 is $7.86 to $34.80.
  • The WAVES price will also reach $50 soon.
  • Bearish WAVES price prediction for 2022 is $2.04.

In Waves (WAVES) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about WAVES to analyze the future movement of the cryptocurrency. 

Waves (WAVES) Current Market Status

According to CoinGecko, the price of Waves (WAVES) is $5.19 with a 24-hour trading volume of $223,126,358 at the time of writing. However, WAVES has decreased to 1% in the last 24 hours. 

Moreover, Waves (WAVES) has a circulating supply of 100,000,000 WAVES. Currently, WAVES trades in cryptocurrency exchanges such as Binance, OKX, Hoo Exchange, Bybit, Huobi global, HitBTC, Kraken, KuCoin, Gate.io, and FTX.

What is Waves (WAVES)?

WAVES is the native token of the Waves blockchain launched in 2016. This blockchain enables users to create new and custom crypto tokens. Also, it allows developers to create and launch decentralized apps (dApps) via custom smart contracts.

The ledgers on Waves operate on leased proof-of-stake (LPoS), a special PoS consensus mechanism. LPoS lets users participate in the block validation process by leasing their WAVES tokens in specialized nodes.

WAVES is deployed in the governance of the blockchain and can be staked or leased for rewards. These payment tokens can be traded on its native Waves exchange and even on third-party centralized exchanges (CEXs). 

Waves (WAVES) Price Prediction 2022

Waves (WAVES) holds the 81st position on CoinGecko. WAVES price prediction 2022 is explained below with a daily time frame.

WAVES/USDT Falling Wedge (Source: Tradingview)

The above chart of Waves (WAVES) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.

From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Waves (WAVES) is at $5.29. If the pattern continues, the price of WAVES might reach the resistance level of $7.26, $11.73, $33.97, and $61.87. If the trend reverses, then the price of WAVES may fall to $4.08.

Waves (WAVES) Support and Resistance Levels

The chart below shows the support and resistance levels of the Waves (WAVES).

WAVES/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Waves (WAVES).

Resistance Level$7.86
Resistance Level 2$11.62
Resistance Level 3$18.88
Resistance Level 4$34.80
Support Level 1$4.09
Support Level 2$2.04
WAVES Resistance & Support Level

The charts show that Waves (WAVES) has performed a bullish trend over the past month. If this trend continues, WAVES might run along with the bulls overtaking its resistance level at $34.80.

Accordingly, if the investors turn against the crypto, the price of the WAVES might plummet to almost $2.04, a bearish signal.

Waves (WAVES) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of the Waves (WAVES) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of WAVES lies below the cutoff line, indicating weak participants in the current trend.

WAVES/USDT RVOL, MA, RSI (Source: TradingView)

Moreover, the Moving Average (MA) of the Waves (WAVES) is shown in the above chart. Notably, the WAVES price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, WAVES is in a bearish state. There is a possibility of a reversal trend of WAVES at any time.

Meanwhile, the relative strength index (RSI) of the Waves (WAVES) is at a level of 43.32. This means that WAVES is in an oversold state. However, this gives confidence to the traders to trade without any fear.

Waves (WAVES) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of the Waves (WAVES). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

WAVES/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Waves (WAVES). Currently, WAVES lies in the range of 13.12, indicating a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Waves (WAVES). RVI measures the constant deviation of price changes over a period of time. The RVI of WAVES lies below 50, indicating low volatility. In fact, WAVES’s RSI is at 43.32, thus confirming a potential buy signal.

Comparison of WAVES with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Waves (WAVES).

BTC Vs ETH Vs WAVES Price Comparison (Source: TradingView)

From the above chart, it can be interpreted that ETH, BTC, and WAVES are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and WAVES also increase or decrease respectively.

Waves (WAVES) Price Prediction 2023

If the declining price action slows down in momentum and the trend reverses,  Waves (WAVES) might probably attain $57 by 2023.

Waves (WAVES) Price Prediction 2024

With several upgrades in the network, Waves (WAVES) might enter a bullish trajectory. If the coin grabs the attention of major investors, WAVES might rally to hit $65 by 2024. 

Waves (WAVES) Price Prediction 2025

If Waves (WAVES) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, WAVES would rally to hit $75.  

Waves (WAVES) Price Prediction 2026

If Waves (WAVES) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, WAVES would rally to hit $85. 

Waves (WAVES) Price Prediction 2027

If Waves (WAVES) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, WAVES would rally to hit $95. 

Waves (WAVES) Price Prediction 2028

If Waves (WAVES) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, WAVES would hit $110.

Waves (WAVES) Price Prediction 2029

If investors flock in and continue to place their bets on Waves (WAVES), it would witness major spikes. WAVES might hit $120 by 2029.

Waves (WAVES) Price Prediction 2030

With greater advancements in the Waves ecosystem, the crypto community might continue to invest in Waves (WAVES) for the next 8 years and drive significant price rallies for the token. Hence, Waves (WAVES) might hit $130 by 2030.

Conclusion

With continuous improvements in the Waves network, we can say that 2022 is a good year for WAVES. For this reason, the bullish price prediction of Waves (WAVES) in 2022 is $34.80. On the other hand, the bearish price prediction of Waves (WAVES) for 2022 is $2.04.

Furthermore, with the advancements and upgrades in the Waves ecosystem, the performance of Waves (WAVES) might hit $50 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $61.30 in the near future.

FAQ

1. What is Waves (WAVES)?

Waves (WAVES) is a governance token on the Waves blockchain operating on the leased proof-of-stake (LPoS). It was launched in 2016 and later in 2020, it was launched as an ERC-20 token interoperable with Ethereum.

2. Where can you purchase Waves (WAVES)?

Waves (WAVES) has listed on many crypto exchanges which include Binance, OKX, Hoo Exchange, Bybit, Huobi global, HitBTC, Kraken, KuCoin, Gate.io, and FTX.

3. Will Waves (WAVES) reach a new ATH soon?

With the ongoing developments and upgrades within the WAVES platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Waves (WAVES)?

On March 31, 2022, WAVES reached its new all-time high (ATH) of  $61.30.

5. Is Waves (WAVES) a good investment in 2022?

Waves (WAVES) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded aWaves (WAVES) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WAVES in the past few months, WAVES is considered a good investment in 2022.

6. Can Waves (WAVES) reach $50?

Waves (WAVES) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Waves (WAVES) will hit $50 soon.

7. What will be the Waves (WAVES) price by 2023?

Waves (WAVES) price is expected to reach $57 by 2023.

8. What will be the Waves (WAVES) price by 2024?

Waves (WAVES) price is expected to reach $65 by 2024.

9. What will be the Waves (WAVES) price by 2025?

Waves (WAVES) price is expected to reach $75 by 2025.

10. What will be the Waves (WAVES) price by 2026?

Waves (WAVES) price is expected to reach $85 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.