Technical analysis by Traders_Notes about Symbol WAXP on 7/9/2025

📉 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.