Walrus declines as trading stays depressed well under long-term price averages

Traders Union
All News
Crypto News
Walrus slides 7.37% today to $0.0351

Highlights

WAL/USD trades below key moving averages, reflecting entrenched bearish momentum across all timeframes.
Technical oscillators show a divergence, with some signaling potential for a short-term bounce from oversold conditions.
WAL/USD is likely to consolidate between $0.0332 and $0.0377 over the next 2–3 days, with a 64% probability of further downside.

Mixed sell signals as oscillators diverge near key resistance

On the H1 chart, WAL/USD is trading below the MA-20 ($0.0362) and MA-50 ($0.0354) as well as the daily MA-200 ($0.0930). Immediate resistance is marked at the Ichimoku Kijun level of $0.0368. MACD indicates ongoing sell momentum, but the ADX remains on a buy signal, suggesting some seller dominance may be losing steam. RSI sits at 38.6, pointing to a sell bias, while the Stoch RSI is in a strong buy zone and the CCI is oversold, revealing a mixed technical picture with divergence among oscillators. The Bull/Bear Power (BBP) and Awesome Oscillator both support further downside pressure, and price is mid-range with high volatility at present.

Further declines likely as consolidation holds within volatile range

In the near term, WAL/USD is expected to consolidate within the $0.0332 to $0.0377 range, a typical volatility band relative to current levels. Probabilities favor a downward bias, with a 64% likelihood of a further decline and only a 36% chance of an upward move. The baseline scenario is for range-bound trading, with upside scenarios only materializing if price decisively breaks above $0.0368 resistance, while a move below $0.0332 would trigger additional downside risk.

Anton Kharitonov, expert at Traders Union, sees Walrus (WAL) under persistent technical pressure. Price trades below all major moving averages, and oscillators point to prevailing downside risk. The analyst adopts a cautious stance on the asset while short-term consolidation is likely. "For me, unless $0.0368 is breached, the risk remains to the downside — I am defensive here."

Earlier, analysts noted that Walrus faced persistent downward pressure despite brief rebounds, highlighting potential downside risks amid mixed technical signals. With continued volatility and deepening divergence among momentum indicators, traders should monitor for a decisive move below $0.0332, which would signal renewed bearish 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

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.