Walrus extends losing streak amid continued pressure and no signs of trend reversal

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Walrus drops 7.60% today to $0.057

Highlights

WAL is in a persistent downtrend, trading well below key moving averages across all timeframes, reflecting strong seller dominance.
Momentum and oscillators unanimously confirm an oversold and deeply bearish environment, with no signs of bullish divergence.
For the next five trading days, price is expected to fluctuate tightly between $0.0568 and $0.0579, with a high risk of further declines below near-term support.

Strong bearish momentum as technical signals reinforce downtrend

WAL currently trades below the SMA-20 ($0.0718), SMA-50 ($0.0725), and SMA-200 ($0.1057), with immediate resistance defined by the Ichimoku Kijun on D1 at $0.0792. Technical momentum is sharply negative: MACD remains in sell mode, ADX on D1 is elevated at 31.88, and price action is accompanied by an RSI of 33.42, deep oversold Stoch RSI at 3.84, and CCI at –96.95. Bearish pressure dominates intraday moves according to BBP, with the AO firmly negative. Price is compressed near session lows with heightened volatility, and all oscillator signals reinforce a strong downtrend without any sign of divergence.

Downside risk prevails as rangebound trading suggests further weakness

Over the next five trading days, WAL is expected to fluctuate in a very tight corridor between $0.0568 and $0.0579, indicative of pronounced weakness and persistent volatility. The probability of a short-term price increase is very low, with technical signals pointing toward further declines. Unless there is a decisive breakout above resistance at $0.0792, the baseline scenario remains rangebound with downside risk prevailing. A breakdown below $0.0568 would likely accelerate the downtrend, while bullish scenarios appear technically unsupported at this stage.

Viktoras Karapetjanc, Traders Union expert, sees WAL locked in a persistent downtrend with firm technical resistance and no news-driven catalysts. He notes all major oscillators confirm ongoing bearish sentiment and volatility remains elevated. Karapetjanc maintains a constructive view, focusing on the potential for recovery if resistance at $0.0792 is breached. However, until a structural reversal emerges, the short-term outlook stays negative. "If price can break above $0.0792, I would consider a tactical shift to the upside, but for now, the clear trend remains down."

Earlier, analysts noted that Walrus remained entrenched in a persistent bearish trend with sellers maintaining control amid oversold technical conditions. The latest data further underscores this downside risk, making a potential breakdown below $0.0568 the critical level for traders to monitor as continued weakness dominates the outlook.

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.