Walrus price prediction: Can $0.039 resistance hold as WAL rallies almost 13%?

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Walrus jumps 12.94% to $0.0375 today

Highlights

WAL/USD has gained 12.94% today, with positive short- and medium-term momentum driving price action higher.
Despite a bullish shift in momentum, WAL/USD remains below its long-term trend level, indicating the broader outlook is still bearish.
Near-term price is forecast to range between $0.036 and $0.039, with high probability of further upside as long as support at $0.0366 holds.

Momentum bias holds as price faces resistance below MA-200

On the hourly chart, WAL is trading above the MA-20 at $0.0359 and the MA-50 at $0.0349, while remaining below the long-term MA-200 at $0.0912. The Ichimoku Kijun level at $0.0366 provides immediate support. Momentum indicators show a positive bias: RSI is at 54.164 (Buy), MACD signals a strong buy, ADX supports an upward trend, and BBP indicates buyer dominance. However, the Stochastic RSI and CCI remain neutral, and the Awesome Oscillator is also neutral. There is a gap of $0.0053 on the chart, with the price near the session low despite intraday volatility, indicating potential for continued upside with possible short-term pullbacks.

Range-bound outlook as resistance and support levels converge

Looking ahead to the next one to two days, WAL is likely to fluctuate within a range of $0.036 to $0.039 based on typical volatility. Should resistance be overcome, further upside is plausible. Conversely, a break below immediate support at $0.0366 would signal a short-term negative shift in tone.

Anton Kharitonov, expert at Traders Union, notes that Walrus (WAL) is showing robust short-term momentum with price action above its key moving averages. He sees positive signals from momentum indicators, yet remains cautious as the asset stays under its long-term MA-200 and several oscillators remain neutral. The near-term outlook is range-bound with support at $0.0366, and any failure of this level could turn sentiment negative. "Until WAL breaks above $0.039 with strength, I remain defensive and focus on protecting capital."

Earlier, analysts noted that Walrus was exhibiting signs of shifting momentum following a previous period of bearish pressure. The current technical setup reinforces this emerging strength, making a sustained move above the immediate resistance zone a key factor for further upside in the near term.

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.