Current Market Overview & Technical Data Insights
WAX is trading at roughly $0.009676 right now, down about 0.92% over the past day. Looking at the 4-hour chart, the RSI is hanging around 47.07—basically sitting in neutral territory. It’s not oversold, but there’s no real bullish momentum pushing it higher either. The MACD tells a similar story: the MACD line is slightly negative at −0.000091, with the signal line even lower at −0.000129. There’s a tiny positive histogram showing up at about +0.000038, which hints at a possible bullish divergence, though nothing strong enough to suggest a clear reversal just yet. Price is hovering just below the short-term averages—the 4-hour SMA is at $0.009744 and the EMA sits slightly higher at $0.009810, creating some immediate overhead resistance. Daily pivot levels are clustered pretty tight: the pivot itself is around $0.009653, with resistance levels near $0.009856 and $0.01000, and support zones down around $0.009506 and $0.009303. Even though sentiment leans bearish right now, some momentum indicators like the daily ROC and ADX suggest directional strength might be building.
Short- to Mid-Term Price Prediction & Key Technical Triggers
Over the next few days to a couple of weeks, WAXP is sitting at a pretty important crossroads. If it can hold above the pivot around $0.00965 and keep support intact near $0.00950-0.00930, we might see a bounce toward resistance between $0.00985 and $0.01010. To get there, buyers would need to push through some EMA and SMA pressure, especially that 4-hour EMA at $0.00980 and the daily moving averages. A clean break above $0.01010–$0.01020 could open the door to $0.01040 or higher. On the flip side, if bearish pressure picks up—particularly if we see volume confirming the decline—and price drops below $0.00930, we’re probably looking at a move down to $0.00915 or lower, potentially testing recent lows. With overlapping resistance levels and hints of weak bullish divergence, volatility could pick up.
Weekly Outlook
As we head toward the end of November and into early December, forecasts are pointing to either a modest breakout from this range or continued consolidation. If resistance breaks, we could see a move toward $0.01030. But if sellers take control, there’s a real risk of sliding back below $0.00940. The longer-term averages—the 50-day and 200-day SMAs—are still sitting well above where price is trading now, which tells us the medium-term trend is still pretty bearish. Technical sentiment across the board is mostly negative, with fear dominating and not many bullish signals showing up.
Fundamental Context, Risks & Catalysts Affecting Longer-Term Prospects
When you look at WAXP’s fundamentals, there’s a mixed bag of positives and negatives. On the bright side, the token supply is being squeezed through their “PowerUp” staking mechanism, which burns tokens to access network resources. This has helped bring inflation down to around 3.9%, which is definitely a plus. If usage stays strong in gaming, NFTs, or general transactions, this deflationary pressure could support the price over time. But here’s the thing—the Web3 gaming sector has been struggling lately. Engagement is down, funding has dried up, and transaction volumes across the space are contracting. That’s a problem for WAX since gaming and NFTs are core to its ecosystem.
There’s also a meaningful risk around centralization. Recent reports show the network has configuration-based freezing capabilities controlled by certain validators. Even if this is meant for security purposes, it raises serious questions about decentralization, and that perception issue could turn off investors—especially institutional players and those who prioritize privacy and trustlessness.
Longer-Term Outlook & Reasonable Future Price Scenarios
Looking toward the end of 2025, a realistic range for WAXP seems to be between $0.00875 and $0.01040, averaging around $0.00990, assuming no major negative catalysts hit. If broader crypto sentiment improves or Web3 gaming sees a recovery, price could work its way back up toward the $0.012 or $0.013 area—but that would require breaking through 50-day SMA resistance and rebuilding fundamental confidence. If selling pressure continues and the token can’t push past major resistance, we could easily see it drift back toward $0.00850 or lower, especially if fear remains elevated.
Further out over the next few years, some models are more optimistic, projecting WAXP could hit around $0.020 by 2026 or beyond. But those forecasts are heavily dependent on ecosystem adoption actually improving, sustained demand for NFTs and gaming, and better transparency around governance. Without those things materializing, it seems more likely WAXP will continue to struggle below its moving averages, with resistance proving tough to crack.
