Walrus price prediction: further pullback likely as WAL slips below resistance

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Walrus slides 7.04% to $0.1386 today

Highlights

WAL trades at $0.1386, above the MA-20 ($0.1272), below the MA-50 ($0.1447), and far under the MA-200 ($0.3109), indicating mixed trend signals.
Daily momentum indicators are conflicted as the MACD shows strong selling pressure, while ADX suggests bullish momentum and both Stochastic RSI and CCI signal overbought conditions.
WAL fell 7.04% intraday, with a high probability of continued sideways or bearish movement unless price breaks above $0.1460 or below $0.1320.

Upside resistance intensifies as mixed momentum signals stoke uncertainty

The nearest dynamic resistance for WAL is the Ichimoku Kijun level at $0.1374, with the MA-50 at $0.1447 serving as further upside resistance on any reversal attempts. Momentum signals on the daily chart are mixed: while the MACD shows strong selling pressure, the ADX indicates ongoing bullish momentum. The RSI remains in neutral territory, but both the Stochastic RSI and the Commodity Channel Index are in overbought conditions, hinting at potential exhaustion among buyers. Bull/Bear Power points to slight buyer dominance intraday, and the Awesome Oscillator aligns with a short-term upward bias. Today’s price action is weak, with WAL trading near the session low after a gap down at the open and heightened volatility, highlighting pressure from sellers and lingering uncertainty due to the divergence among momentum and oscillator signals.

Pullback risk dominates as upside breakout probabilities remain low

Over the next five days, the expected range for WAL is between $0.1320 and $0.1460, consistent with typical volatility band relative to current levels. The probability of further gains remains very low (less than 20%), while technical indicators continue to favor the likelihood of a pullback. Should WAL close above the MA-50 and break $0.1460, a short-term rebound could develop. Conversely, a move below $0.1320 would reinforce downside momentum as sellers regain control.

Anton Kharitonov, analyst at Traders Union, sees short-term momentum in WAL as fragile, with technical signals turning mixed after early gains. He believes sellers retain the upper hand, given the persistent long-term resistance and lack of supportive news flow. Kharitonov remains cautious unless WAL can reclaim the MA-50 and hold above $0.1460. "Base case remains a pullback — I stay defensive while price trades below $0.1460."

Last time, analysts noted that Walrus (WAL) is exhibiting short- and medium-term bullish momentum, trading above its 20- and 50-day moving averages while facing ongoing long-term resistance below the 200-day MA. Despite robust intraday gains and firm trend strength indicated by ADX, overbought oscillators and a sell signal from the MACD highlight divergence in momentum signals, suggesting caution near resistance levels.

Source of Data: WAL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.