Walrus drops 7.85% as sellers press advantage beneath $0.0363 ceiling

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Walrus slides 7.85% today

Highlights

WAL/USD maintains a firmly bearish trend, trading well below key moving averages across multiple timeframes.
Momentum and oscillator signals overwhelmingly support sellers, reinforced by oversold conditions and persistent negative sentiment.
Expected price action is confined between $0.0327 and $0.0363 for 2–3 days, with a 70% likelihood of further downside.

Sellers dominate as key supports break and oscillators signal exhaustion

On the technical front, WAL/USD trades below the MA-20 and MA-50 on the H1 timeframe, while also sitting well under the MA-200 on the daily chart. The Ichimoku Kijun resistance is at $0.0362. MACD currently gives a Sell signal, ADX is Neutral, and the RSI reading stands at 39.7, indicating a generally weak, oversold environment. The CCI is Oversold, Stoch RSI is Neutral, BBP registers Sell, and the Awesome Oscillator also shows Sell, collectively pointing to seller dominance but with short-term exhaustion signals present.

Downside risk persists as bearish range limits reversal chances

Over the next two to three trading days, WAL/USD is expected to remain within a volatility band of $0.0327 to $0.0363. The scenario probabilities are skewed toward further downside, with a 70% chance of additional declines and only a 30% likelihood of reversal attempts. A push above $0.0362 would be needed to trigger a bullish shift, while a drop below $0.0327 could accelerate selling pressure. The baseline case favors continued rangebound movement amid prevailing bearish sentiment.

Viktoras Karapetjanc, expert at Traders Union, sees Walrus (WAL) under pressure, with sellers still dominating both short and long-term trends. The asset is oversold on several indicators, and bearish sentiment remains strong. However, he notes some signs of short-term exhaustion. Karapetjanc believes a convincing break above $0.0362 would be needed to turn momentum around. "Despite the current weakness, I remain vigilant for a potential rebound if the $0.0362 level is reclaimed."

Earlier, analysts noted that Walrus was experiencing ongoing seller dominance across multiple timeframes, with downside risk prevailing in the technical outlook. Current market action reinforces this bearish bias, and traders should closely watch for a potential breakdown below $0.0327, which could trigger accelerated losses.

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.