Walrus price dips amid rising selling pressure

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Walrus slides 10.30% today to $0.0502

Highlights

WAL/USD remains under sustained pressure, trading below major moving averages across all time frames with persistent bearish momentum.
Multiple technical indicators confirm an oversold state, but no bullish reversal signals have emerged on the weekly chart.
WAL/USD is expected to consolidate between $0.04 and $0.06 over the next week, with a high probability of further downside if $0.04 support fails.

Anton Kharitonov, expert at Traders Union, highlights that Walrus (WAL) is stuck in a bearish trend across all timeframes. He notes the asset’s failure to reclaim its major moving averages, with persistent negative momentum seen in technical indicators. No supportive news or sentiment catalysts are present to shift the market mood, underscoring structural weakness. Significant volatility is adding to downside risk. He concludes, "Current dynamics suggest that sellers remain firmly in control — caution is warranted as further losses cannot be ruled out."

Viktoras Karapetjanc, expert at Traders Union, focuses on the opportunity for reversal despite technical pressure. He observes that WAL's price has reached oversold levels, often a precursor to short-term rebounds. The absence of negative news flow can present a clean slate for new buyers. He sees range-bound price action as a setup for patient investors. He says, "I'm confident that oversold signals and current valuations offer an attractive entry point — bullish momentum could drive a swift recovery toward the $0.06–$0.066 area."

Oversold signals diverge from sustained bearish momentum after sharp drop

WAL/USD is currently trading well below the 20-day, 50-day, and 200-day moving averages, which are at $0.0662, $0.0712, and $0.1025, respectively. This configuration signals heavy selling pressure across short-, medium-, and long-term horizons, with the nearest dynamic resistance at the Ichimoku Kijun level of $0.0770.

Momentum readings turn negative, with the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both pointing to ongoing downside. The Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI) all show oversold conditions. Despite this, Bull/Bear Power (BBP) remains slightly positive, indicating buyers briefly challenged sellers intraday, though the overall tone remains pressured. The Awesome Oscillator (AO) confirms the prevailing bearish trend. After opening with an upside gap of about $0.001, the price dropped sharply to $0.0502, slipping 10.30% on the day and finishing near the session’s low. Intraday volatility stands at 15.54%, and the pair has moved under steady selling pressure following the open. There is a clear divergence between persistent bearish momentum and some short-term oversold signals.

Earlier, analysts noted that Walrus remained entrenched in a bearish trend with persistent selling pressure dominating the technical outlook. The latest developments further reinforce this negative bias, with continued weakness suggesting traders should monitor the $0.04 support level closely as any decisive breakdown could accelerate downside momentum.

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

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