Walrus price prediction: Can $0.0316–$0.0378 range hold as WAL jumps 7.94%?

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Walrus jumps 7.94% to $0.0339 today

Highlights

WAL/USD shows short- and medium-term bullish momentum, trading above key short-term moving averages but below its long-term average.
Upside momentum remains strong with buy signals dominating across multiple indicators, though several oscillators indicate a short-term overbought condition.
Expected trading range is $0.0316 to $0.0378 over the next 2–3 days, with a high probability of continued gains unless $0.0326 is breached to the downside.

Buyer dominance as momentum indicators flag overbought risk

On the technical front, WAL is trading above the MA-20 ($0.0324) and MA-50 ($0.0319) on the hourly chart, but it remains well below its longer-term MA-200 at $0.0856. The immediate support level is marked by the Ichimoku Kijun at $0.0326. Momentum is strong as evidenced by the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX), both in buy territory. The Relative Strength Index (RSI) reads 66.09 (Buy), just under the overbought threshold, while both the Stochastic RSI and Commodity Channel Index (CCI) indicate overbought conditions. Bull/Bear Power (BBP) and the Awesome Oscillator are both positive, supporting buyer dominance in the intraday session. However, pronounced overbought signals from oscillators suggest short-term upside may be stretched.

Upward continuation likely as volatility band narrows

Over the coming 2–3 trading days, WAL is expected to fluctuate within a volatility band between $0.0316 and $0.0378. The likelihood of continued upward momentum is very high; a consolidation within this corridor is the baseline scenario. A decisive move above resistance could extend gains further, while a break below $0.0326 support may trigger a corrective pullback.

Viktoras Karapetjanc, expert at Traders Union, believes the strong intraday momentum in WAL signals high trader confidence, even in the absence of fresh news. He sees the technical picture as solid, with buyers dominating for now and immediate support well defined. A breakout above resistance could drive more gains, but overbought conditions call for caution on new entries. "With momentum on our side, I expect WAL to consolidate towards the upper end of the current range, but chasing at these levels may be risky."

Earlier, analysts noted that Walrus was experiencing renewed buyer interest amid a tentative shift toward bullish momentum. Current technicals not only reinforce this trend but suggest that sustained strength above short-term averages could see buyers challenge the prevailing range, with a break above $0.0378 signaling a potential shift toward a longer-term recovery.

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.