What triggered Walrus's latest price surge

Traders Union
All News
Crypto
Walrus rises 12.37% today to $0.0374

Highlights

WAL/USD remains under sustained seller pressure, trading well below key short-, medium-, and long-term moving averages.
Momentum indicators are mixed, with MACD signaling strong sell, RSI near oversold, and Stochastic RSI fully overbought.
Expect WAL/USD to trade mostly sideways between $0.03 and $0.04 over the next week, with greater downside risk if $0.03 support breaks.

Anton Kharitonov, expert at Traders Union, sees persistent weakness in WAL. The price remains below all major moving averages, showing clear seller dominance across timeframes. Technicals are conflicted — MACD signals a strong sell, while the RSI sits close to oversold but Stochastic RSI is stretched. News flow is absent, depriving the market of potential catalysts. "As long as the asset trades beneath $0.04, I see mostly downside, and traders should stay defensive until a clear recovery signal appears."

Viktoras Karapetjanc, expert at Traders Union, notes short-term momentum stalling but stresses that opportunity persists within the current volatility band. He believes a rebound above $0.04 could ignite a stronger recovery phase, keeping the bullish structure viable. The current price action allows for flexible entries and risk management as the market presents tradable setups. "With volatility elevated and buyers showing signs of activity, I expect further growth opportunities if resistance at $0.04 is broken."

Mixed momentum signals amid stalling buy pressure and weak trend

Momentum signals on the daily chart are mixed: the MACD shows a strong sell and the Average Directional Index (ADX) points to weak downside strength at 23.85. The Relative Strength Index (RSI) is at 32.81, nearing oversold territory, while Stochastic RSI is fully overbought at 100. The Commodity Channel Index (CCI) is neutral, and Bull/Bear Power (BBP) at 0.0002 suggests buyers have marginal dominance in intraday action. The Awesome Oscillator is neutral and does not confirm direction. The Ichimoku Kijun at $0.0488 marks the nearest dynamic resistance, with immediate short-term support just above the session low. Intraday volatility is 12.15%, and buying momentum has stalled.

Earlier, analysts noted that Walrus was exhibiting renewed short-term strength, with momentum indicators signaling potential for further upside. However, with seller dominance now firmly established across all major timeframes and downside risk elevated, traders should monitor the $0.03 level closely as a break below it could confirm a sustained bearish trend.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.