WAVES Shows Signs of Potential Short-Term Bounce Amid Oversold RSI

I believe WAVES is currently showing a slight decline with a drop of 0.84%, a price now around $1.0734, and a trading volume of approximately $1.4 million over the past 24 hours. The RSI for the 15-minute and 1-hour charts indicates that WAVES is approaching oversold territory, particularly on the shorter timeframe with an RSI of about 37.17, suggesting some potential for a rebound. The high volume increase, with a V∆ of over 336%, signifies strong trading activity and interest. Meanwhile, the RSI for Bitcoin remains at 65.57, which reflects a relatively neutral stance on the crypto market overall. Based on these technical signals, especially the oversold RSI on the 15-minute chart, I think WAVES has the potential for a short-term bounce or recovery, but caution is advised due to the recent decline and overall market volatility.