Waves (WAVES) is showing signs of stabilization after enduring a prolonged downtrend that pushed the token to its lowest levels of the year. The latest TradingView data shows WAVES trading near $0.299, recovering from a recent low near the lower Bollinger Band support zone. Momentum indicators are beginning to improve as buyers gradually return to the market. The Relative Strength Index (RSI) has climbed toward the neutral 50 level after spending several sessions in bearish territory, suggesting selling pressure is weakening.