Impulse 24.1-33.75 after 10 is broken could be significant retracement first but could also go straight to 30.
Who ever shorted from 64 ivanov or binance they probably did not pay funding rate for 1 year and probably only recently covered the position which estimate worth 500m 1bn. Short profit must have been billions so there is alot of pump liquidity behind waves and a leadership interest to get it to top global ranking. It used to be stable at rank 22 that's around 33 dollars per waves.
These people have all the money they don't care about technicals and what the world believes is the proper worth of waves they do what they want.
And if you pay me 100k in waves right now before it goes parabolic we can do the same with my token which is an art token from 2017 one of a handful. We can get the cap to $5bn on 100k initial within 24 months.
https://static1.squarespace.com/static/59f96db06957da0ad5ec0089/t/64860e0f33d90547155bbb24/1686507023718/prospectu+2.pdfSummar 2023 runup has been identical to summer 2020 parabola but this time we have some understanding of waves behaviour at 30 range so the impulsive back to 30 is much easier this time around. Bottom 1.2 is double last cycle bottom 54 cents so cyclical bull target is over $120. That's a flat x100 profit which vastly outperform btc/eth multiples this bull run. I can deliver x100 000 in my token but only realizeable in monthly liquidity (up to $30k/month) from staking 100k waves.
You will not find x100 000 anywhere else in global markets except powerball lottery because no one else controls 100% of a 2017 art crypto except me. All the others, a handful from that period are worth $10m-$1bn already and also distributed between hundreds of competing traders. My vault(s) are pristine, market cap can be freely pumped without interference. And then further monetized using the prospectus instructions.