WAVES price crashes 50% in one week — watch these support levels next

Cointelegraph

Published Apr 07, 2022 07:16AM ET

Updated Apr 07, 2022 09:00AM ET

Waves (WAVES) lost around half its value in April so far and risks further correction due to weakening technical and fundamental factors.

WAVES dropped from nearly $64 on March 31 to around $27.50 on April 7 — down by over 55%. As it fell, the WAVES/USD pair also broke below a key support confluence, hinting further correction.

WAVES/USD daily price chart. Source: TradingView
WAVES/USD weekly price chart. Source: TradingView

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