BCH over 10% higher, while WAVES extends recent losses, falling to one-month low.
However, following two consecutive days of gains,This level would be the 50.4 point, which has historically been an area of uncertainty, and birthed several bearish runs.WAVES fell by as much as 11% during today’s session, however losses somewhat eased as bulls returned to crypto markets this afternoon.
Following a run which has seen it drop for ten of the last twelve sessions, WAVES has now fallen to its lowest level since March. As of writing, WAVES/USD hit an intraday low of $20.48, which is its lowest point since March 7, and comes as its recent floor was also broken.This support point is the $25.10 level, and with recent momentum still bearish, some expect WAVES to fall to a lower floor of $16.50.
The price of WAVES is also currently oversold according to the RSI indicator, and is trading at its own support of 33.80, which is the lowest it has tracked since early February. However, should this floor break, then we will likely see all of the gains from March wiped out in the space of two to three weeks.
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