WAVES prices surged nearly 60% on Tuesday, leading crypto market gainers in today’s session. The move put prices at a 20-day high, with AXS up more than 25% earlier in the day.
16} WAVES
WAVES was one of Tuesday’s biggest gainers, with prices up nearly 60% early in today’s trading session.
Following recent lows and an early-week bottom of $6.00, WAVES/USD rose to an intraday peak of $10.15 today.
Tuesday’s surge comes as prices continue to climb from last week’s bottom of $3.86, the lowest level for WAVES since January 2021.
From trading at support, WAVES now looks to hit resistance at $12.30, which it has not reached since May 11.
Despite fading gains throughout the session, price is trading at its highest level since that date and sits at $8.69 as of this writing.
The 14-day RSI is at its highest level in two months and is just below the 53.80 ceiling, which the WAVES bulls need to break to reach $12.
AXS Infinity (AXS)
{52
As crypto bulls maintain recent sentiment, there were multiple tokens up over 20% on Tuesday, but it was the second biggest move AXS was.
Derived from the blockchain gaming ecosystem Axie Infinity, this token rose to an intraday peak of $27.82 on Tuesday.
The spike comes on the heels of the announcement that game developer SkyMavis has revealed the first round of games to be hosted on the Axie Infinity blockchain.
The chart shows that today’s rally was subsequently tempered as the AXS hit long-term resistance at $28.00.
It has not passed this point since May 9, and as the bulls began to exit, it appears that the bears saw this as the perfect time to re-enter the market, securing their gains in the process.
However, the 10-day and 25-day moving averages are now close to each other, further increasing the likelihood of an upward cross.
If that happens, this ceiling will be broken and traders will target the $35 ceiling at a higher level.
Image credits: Shutterstock, Pixabay, Wiki Commons
