Technical analysis by weslad about Symbol WAXP: Buy recommendation (8/13/2025)

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.