Waves Price Prediction: WAVES plunges 30% on Binance delisting news as holders turn to new ICO targeting 1000% profits.

adminJune 4, 2024

join us telegram A channel to stay up to date on breaking news coverage

Waves price has plummeted 30% in the last 24 hours. Traded for $1.67 3:30 AM EST.

The price plunge is as follows: presentation Binance stated that it would no longer support the token.

Waves, the blockchain network created by Ukrainian entrepreneur Sasha Ivanov, is facing scrutiny after Binance said its tokens do not meet the criteria needed to be listed on the world’s largest cryptocurrency exchange..

$WAVES Delisted.
Price drops by 30%.
What do we see here? What happen ? What do we want to see to spot a potential twist?
Let’s take a closer look.
🧵 pic.twitter.com/tOZTzBWTHD
— Runbot (@Runbot_io) June 3, 2024

This delisting follows Binance.US’ February decision to remove WAVES for similar reasons. South Korean exchanges Upbit and Bithumb have also delisted their tokens, citing issues with the related stablecoin Neutrino USD (USDN), which is struggling to maintain its peg to the US dollar.

Waves price falls below consolidation stage

After Binance announced its delisting from the platform, the Waves price experienced a sharp red candle surge, allowing bears to sell the token. Waves price has been in a consolidation zone for a long time as token holders are holding on in hopes of the token rebounding.

wave price

WAVESUSDT analysis. Source: TradingView

Waves’ technical indicators are also bearish. This is because the price is trading below the 50 and 200 simple moving averages on the 4-hour chart. Additionally, the moving average crossover at $2.40 further confirms the negative outlook for WAVES.

The Relative Strength Index (RSI) has plummeted from the midline of 50 to 9.2, well below the oversold threshold of 30, indicating significant selling pressure.

Moreover, the MACD indicator is also showing a downward trend, with the blue average line crossing below the neutral line and below the orange signal line. The histogram shows increasingly red bars below the neutral level, reinforcing the bearish momentum for WAVES.

Waves price prediction

The overall outlook for WAVES remains bearish and recovery appears distant. However, there are hopeful signs as the small green candle ticks indicate that some investors still believe in the token project.

If the bulls gain enough momentum, they could push the price back to the $2.45 level. Nonetheless, the bearish trend appears strong and it is likely that the price will continue to fall due to the weakness, causing the RSI to decline further and consolidate.

A promising alternative

Meanwhile, traders who lose out on the Waves project may consider investing instead. Winner AIA new dog-themed meme coin that combines two of the most popular niches in cryptocurrency: AI and meme coins.

WienerAI is a mix between a dog, a sausage, and an AI trading bot. Predictive technology combined with an easy-to-use AI interface allows you to quickly discover hidden gems in the cryptocurrency market.

When you ask WienerAI to find your next deal, it provides market analysis that can increase your chances of success. Additionally, by using a decentralized exchange with zero fees, you can easily exchange MEV without worrying about it.

Upgrade your trading strategy.
The WienerAI trading bot will be your trusted trading companion, leveraging AI to make savvy and predictable moves in dynamic markets. pic.twitter.com/uYCRAWRd2N
— WienerAI (@WienerDogAI) June 1, 2024

Investors who acquire WAI tokens may also Stake your tokens The annual return is 261%. The platform has allocated 20% of its token supply for staking purposes.

Popular YouTube analyst ClayBro says WienerAI could be the next big thing with the potential to deliver 100x returns.

As investors flocked to the project, the funds raised from the token’s pre-sale exceeded $4 million.

It’s getting rougher.
I’m so happy to be with you on this journey.
Much more to come 🌭🤖 pic.twitter.com/kWq22xWfSw
— WienerAI (@WienerDogAI) June 3, 2024

To participate, purchase WAI tokens for $0.000713 each. But you’ll have to act fast before the price increases within 16 hours.

Buy WAI tokens here using ETH, BNB, USDT or bank card.

PlayDoge (PLAY) – Latest ICO on BNB Chain