What triggered Walrus's latest price pullback

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Walrus slides 8.80% today to $0.035

Highlights

WAL/USD remains under sustained selling pressure, trading well below short-, medium-, and long-term moving averages.
Bearish momentum dominates with negative signals across MACD, ADX, and most oscillators, despite intraday volatility of 5.83%.
WAL/USD is expected to consolidate between $0.03 and $0.04 over the next five sessions, with downside risk prevailing.

Anton Kharitonov, expert at Traders Union, notes persistent bearish pressure with WAL/USD trading below all major moving averages. He highlights that daily momentum indicators remain negative and the asset is showing clear technical weakness. The absence of supportive news further dampens market sentiment and leaves room for more downside. He is particularly cautious given the divergence in oscillators and sharp single-day loss. "Unless positive catalysts emerge or key resistance breaks, WAL is likely stuck in a defensive posture with high risk for further declines," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, sees the current drop as a potential consolidation phase within the broader market structure. He remains constructive despite the absence of fresh news, suggesting that volatility may offer new entry points for opportunistic traders. Karapetjanc believes that the oversold RSI and CCI could prompt a technical relief rally if resistance at $0.04 is challenged. "The market offers multiple setups for reversal traders, and I expect further growth should bullish signals begin to cluster," he states.

Technical weakness intensifies as mixed momentum and volatility emerge

WAL/USD is trading below the 20-day, 50-day, and 200-day Moving Averages (MA), indicating persistent pressure from sellers and a bearish structure across short-, medium-, and long-term trends. The nearest dynamic resistance is the Ichimoku Kijun level at $0.0512, with no immediate support from moving averages in the current price zone. Momentum signals on the daily chart remain negative, with both the MACD and Average Directional Index (ADX) pointing to a bearish setup. The Relative Strength Index (RSI) and Commodity Channel Index (CCI) both indicate the asset is in oversold territory, while the Stochastic RSI has registered as overbought, highlighting notable divergence among oscillators. Bull/Bear Power (BBP) shows a marginally positive value, suggesting buyers have a slight intraday edge. Daily performance reflects a sharp decline, with the pair falling 8.80% to $0.035 after a downside gap of about $0.0029 and trading in the lower part of the daily range. Intraday volatility stands at 5.83%, and the tone remains heavy under continued pressure shortly after the open.

Earlier, analysts noted that Walrus faced persistent downward pressure and was vulnerable to further declines. The current downside momentum, reinforced by fresh bearish signals and heightened volatility, suggests traders should closely monitor for a decisive move below the $0.03 support zone as the critical risk 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

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