Crypto analyst Michaël van de Poppe suggests that the altcoin WAVES could be on the verge of a major price reversal.
The analyst points to a long-standing support zone at $1.16 that has held for over a year as a key factor in the potential bullish breakout.
Van de Poppe believes that breaking the descending resistance could trigger a significant upward move, citing a previous rally to $2.50 after a breakout.
With the broader crypto market showing signs of a potential bull run, WAVES may be positioning itself for a comeback, aiming for higher price targets in the coming months.