Walrus drops as persistent selling weighs on price

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Walrus drops 7.13% today to $0.0537

Highlights

WAL trades firmly below key moving averages, confirming sustained bearish pressure across short, medium, and long-term timeframes.
Momentum and oscillator indicators signal a strong bearish trend with oversold conditions, highlighting persistent seller dominance.
Price is likely to remain between $0.0510 and $0.0580 over the coming week, with a strong probability of further downside.

Seller dominance and volatility rise as major levels break

WAL is currently trading below the 20-day ($0.0676), 50-day ($0.0714), and 200-day ($0.1032) simple moving averages. The Ichimoku Kijun level at $0.0778 sets immediate resistance. Momentum readings on the daily chart confirm continued weakness: the MACD is negative and signals sell, ADX stands at 28 indicating a strengthening trend, and oscillators including RSI (below 30), Stoch RSI, and CCI are all in oversold territory. Bull/Bear Power (BBP) and the Awesome Oscillator further corroborate prevailing seller dominance and a persistent downside bias. Price action remains near the intraday lows ($0.0541–$0.0625), underscoring elevated volatility and intense seller pressure from the open.

Further declines likely as weak momentum narrows upward scenarios

Over the coming week, WAL is likely to see price action constrained to a typical volatility band between $0.0510 and $0.0580. The probability of a further decline remains elevated (over 80%) given current momentum and technical signals. The base case projects consolidation just above recent lows as sellers pause to consolidate. An upward scenario would require a sustained rally above resistance at $0.0778, though no supporting signals are present. Conversely, a decisive breakdown below $0.0510 may accelerate downside movement if selling intensifies.

Anton Kharitonov, Traders Union expert, sees clear downside momentum persisting for WAL. Technical signals remain strongly bearish, with sellers maintaining pressure and no signs of a reversal. He believes the likelihood of further declines is high as price cannot reclaim key resistance. "As long as WAL stays below $0.0778, my outlook remains defensive and I do not trust any upside attempts."

Earlier, analysts noted that Walrus remained entrenched in a persistent bearish trend, with technical signals and price action indicating sellers were firmly in control. The current developments reinforce this negative outlook, signaling that a decisive move below $0.0510 could trigger a further acceleration of downside risk in the days ahead.

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.