Heavily oversold, KUCOIN:WAXPUSDT is now gearing up to repeat its history of a mean reversion.

WaxpUSDT is currently trading within a falling wedge structure, with price compressing towards the apex. Market structure remains intact, showing decreasing volatility and volume consistent with wedge dynamics. The strategy is to accumulate from the present level while monitoring for a confirmed breakout above the wedge resistance, which would signal bullish continuation. Breakout confirmation should align with increased momentum and volume expansion, targeting the projected price levels as marked on the chart.

📉 Technical Overview: WAXP continues to move within a well-defined downward channel, with the price having dropped by roughly 98% from its peak. Currently, it's forming a falling wedge pattern, and the price is approaching the upper boundary — often a zone of breakout potential. 💡 Key Point: We’re seeing notable buying volume, which could suggest accumulation by larger players or strategic positioning ahead of a possible reversal. 🎯 If bullish momentum follows, the first key target would be the top of the descending channel.

I am personally short biasd as per the situation but still i have marked the reversals zone if the market breakout the channel the zones for reversal has been mentioned. The short positions i will enter after the channel breakdown and retesting with bearish candles in other case i will wait and look for the bearish momentum at reversal zones DYOR

WAXP ~ 1D Analysis #WAXP Buy gradually from here if you still have confidence in this coin with a short term target of at least 10%+ from here.