WAXP fluctuated by 41.6% in 24 hours, accumulating a gain of over 30%: Trading volume surged by more than 5000%, driving a technical breakthrough
Bitget Pulse2026/03/20 23:56Brief Overview of Volatility
In the past 24 hours, WAXP prices surged from a low of $0.00632 to a high of $0.00895, with the current price at $0.00828, marking an overall increase of more than 30% and an amplitude of 41.6%. Trading volume skyrocketed to around $93 million, soaring over 5000% compared to the previous day (Vol/Mkt Cap ratio exceeds 255%), indicating a high influx of active capital.
Brief Analysis of Abnormal Movements
- Abnormal Surge in Trading Volume: 24-hour turnover soared by 5776%-6760%, accompanied by a 14.7% vertical pump within one hour and a 2400% explosion in volume, pushing prices to break out of the consolidation range.
- Exchange Adjustments: KuCoin futures WAXPUSDT contract management fee rate adjusted to hourly settlement (effective March 20, 13:00 UTC), and Bithumb temporarily suspended WAXP deposits and withdrawals (19 hours ago), possibly affecting liquidity indirectly.
No official announcement, on-chain whale large-scale movements, or major news events have been recorded.
Market Perspective and Outlook
The community sentiment is strongly bullish (CoinMarketCap 91% bullish, CoinGecko 83% bullish). Traders are sharing long positions with bullish targets at $0.0095-$0.0100, but there are warnings that a pullback to the $0.0065-$0.0068 support might occur after hitting resistance in the supply zone. The mainstream view is that this is a momentum-driven move, and it is necessary to beware of profit-taking risks under the high Vol/Mkt Cap ratio.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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