WAVES/USDT Facing in the key resistance. Breakout or rejected ??

💎 WAVES has been a significant point of interest in the market, especially as it approaches a key resistance area. Historically, this level has been a major hurdle for WAVES, often leading to hard rejections upon each encounter. A successful breach of this resistance area could probability lead to a considerable upward trend, with the next target being the Strong Resistance area.

💎 However, if WAVES is unable to surpass this resistance and instead remains in a phase of consolidation at this level for a few days, it may face another setback. This could result in WAVES reversing its course, moving back towards the support area.

💎 The demand zone is crucial as it represents the last line of defense for WAVES' bullish momentum. If WAVES fails to rebound upon reaching this zone and cannot sustain above it, it risks a downward move. A failure to maintain above this key support level could lead to a descent towards the demand area, indicating a bearish turn for WAVES.