$WAXL is back near a major support area, and this is where the chart gets interesting.
Price has corrected from the 0.097 wick and later failed near the 0.08 zone, but now it is trading close to the original base around 0.042–0.043. That means the downside move has already cleared most of the excess leverage and weak holders.
The first bullish reclaim is 0.050. Above that, 0.059–0.060 becomes the major recovery zone.
$WAXL is sitting at a reset level. If buyers defend this support, the next bounce can be much stronger than people expect.
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