Walrus drops over 7% after trading well below long-term average

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Walrus drops 7.38% to $0.0314 today

Highlights

WAL/USD remains under heavy selling pressure, consistently trading below major moving averages across all timeframes.
Momentum and oscillator signals reinforce a strongly bearish outlook, with persistent oversold conditions and seller dominance prevailing.
Expected trading range for the next 2–3 days is $0.0305 to $0.0334, with high probability of further downside if $0.0305 is breached.

Bearish momentum intensifies as technical signals confirm weakness

On the working timeframe, WAL is trading below the 20-period ($0.0318) and 50-period ($0.0327) moving averages, and is well beneath the 200-period moving average ($0.0801) on the daily chart. The Ichimoku Kijun at $0.0325 marks immediate resistance. The Relative Strength Index (RSI) stands at 36.61, suggesting continued weak momentum. The Moving Average Convergence Divergence (MACD) shows a strong sell signal, while the Average Directional Index (ADX) confirms prevailing downward momentum. Stochastic RSI and Commodity Channel Index (CCI) readings reinforce oversold conditions, with the former indicating strong selling. Bull/Bear Power demonstrates clear seller dominance, while the Awesome Oscillator remains neutral, offering no support for a reversal.

Further decline risk rises if support fails amid limited upside

In the short term, the expected trading range for WAL over the next 2–3 days is $0.0305 to $0.0334, in line with recent volatility. Upside probability is considered very low, and an upward move is highly unlikely without a breakout above resistance at $0.0325. The baseline scenario anticipates the price remaining within the current sideways band. If $0.0305 is breached to the downside, the risk of further losses would increase substantially.

Viktoras Karapetjanc, expert at Traders Union, sees ongoing weakness in Walrus (WAL) as the technical outlook remains down. He notes that sentiment is negative in the absence of any supporting news or catalysts. The analyst believes that sellers are in clear control while recent volatility keeps the price between $0.0305 and $0.0334. Karapetjanc views an upside move as unlikely unless resistance at $0.0325 is broken. "I remain optimistic on the long-term potential, but for now, caution is warranted until key resistance levels are reclaimed."

Earlier, analysts noted that Walrus was exhibiting renewed bullish momentum but warned of persistent bearish pressure and downside risks. The current deterioration in both momentum and trend further cements a cautious outlook, with traders advised to watch for a decisive move below $0.0305 as a potential trigger for 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.