WAVES price exhibits a bullish pattern in the daily chart, maintaining a support trendline. The price is retesting the 38.20% Fibonacci level at $2.36, hinting at a possible reversal. A potential bullish rebound from the support trendline could push WAVES towards the $3 mark. The ongoing uptrend has firmly held above the $2 level, despite recent pullbacks. Market conditions signal a cautionary note due to a slowdown in altcoins, raising the possibility of a breakdown. Recent 1.88% overnight increase in WAVES price is backed by a rise in trading volume. The current price of WAVES stands at $2.439, forming a Doji candle indicating market indecision. Trend momentum remains strong, bolstering chances of a reversal. Daily RSI suggests a recovery trend is in progress, albeit pausing near the midpoint. The 50D EMA provides dynamic support, aligning with the 38.20% Fibonacci level, enhancing reversal prospects. A successful reversal could see WAVES price challenging the $3 high and possibly reaching $5. A fall below $2.40 could trigger a test of lower support levels at $2.26 or $2.