Sustained selling pressure drives Walrus down 8.11%

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Walrus drops 8.11% today to $0.0584

Highlights

WAL remains in a confirmed bearish trend as price sustains trading below all key moving averages across timeframes.
Momentum indicators flag strong downside, with persistent selling pressure and oversold technical conditions dominating intraday activity.
Near-term range is expected between $0.0575 and $0.0615, with resistance at $0.0805 and less than 20% likelihood of a meaningful rebound.

Seller control reinforced by negative momentum and resistance barriers

On the technical front, WAL trades well below its short-, medium-, and long-term moving averages (SMA-20: $0.0727, SMA-50: $0.0727, SMA-200: $0.1065). The Ichimoku Kijun level at $0.0805 presently acts as key resistance for any potential upward attempt. Momentum indicators, including the MACD and RSI, remain on sell signals, and the ADX is elevated at 33.5, indicating a strong but established trend. Stoch RSI and CCI signal oversold conditions, while BBP confirms seller dominance, and the Awesome Oscillator also remains negative. The price has stayed close to today’s session low of $0.0579 in a volatile intraday range ($0.0579–$0.0615) following a sharp drop after the opening gap down.

Sideways trading outlook as upside reversal remains unlikely

In the near term, WAL is expected to stay within the $0.0575 to $0.0615 volatility band given persistent selling activity and current market dynamics. The likelihood of a meaningful price increase is low (less than 20%), with further downside more probable if support at $0.0575 breaks. Baseline expectation calls for sideways movement within the stated range as sellers maintain control but show signs of momentum loss. A break through $0.0805 resistance is required to trigger a reversal scenario.

Viktoras Karapetjanc, expert at Traders Union, sees WAL under persistent technical pressure as sellers dominate and volatility remains high. He notes that the absence of supportive news and the failure to reclaim key moving averages limit near-term optimism. Downside risks prevail unless the price can decisively move above $0.0805. "If buyers step in and push above resistance, a recovery could start — but until then, I stay open-minded for a turnaround while respecting the established downtrend."

Earlier, analysts noted that Walrus was entrenched in a broad-based bearish trend with oversold technical conditions prevailing. Renewed selling pressure and sustained weakness below major moving averages now reinforce the downside risk, making the $0.0575 support an essential level for traders to monitor in the coming sessions.

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.