📉 Technical Overview:
WAXP continues to move within a well-defined downward channel, with the price having dropped by roughly 98% from its peak.
Currently, it's forming a falling wedge pattern, and the price is approaching the upper boundary — often a zone of breakout potential.
💡 Key Point:
We’re seeing notable buying volume, which could suggest accumulation by larger players or strategic positioning ahead of a possible reversal.
🎯 If bullish momentum follows, the first key target would be the top of the descending channel.
WAXP continues to move within a well-defined downward channel, with the price having dropped by roughly 98% from its peak.
Currently, it's forming a falling wedge pattern, and the price is approaching the upper boundary — often a zone of breakout potential.
💡 Key Point:
We’re seeing notable buying volume, which could suggest accumulation by larger players or strategic positioning ahead of a possible reversal.
🎯 If bullish momentum follows, the first key target would be the top of the descending channel.
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