Will Walrus break higher amid sustained buyer support?
Walrus (WAL) is trading at $0.0383, gaining 7.07% on the day. The price sits above its key moving averages on shorter timeframes, reflecting strong intraday momentum.
Highlights
- Walrus has been selected as the default decentralized storage for blockchain AI training data by the DATA Network.
- This integration increases WAL's utility in enterprise data applications and supports expanding use in Web3 infrastructure.
- WAL/USD trades with strong bullish short-term momentum, high intraday volatility, and a projected range of $0.0358 to $0.0408.
Enterprise demand rises as DATA Network adopts Walrus storage layer
Walrus has been chosen as the default decentralized storage layer for blockchain-based AI training data supply chains by the DATA Network, according to Grafa. This integration enhances the utility of WAL in enterprise-grade data applications, as it secures encrypted reference copies for use by licensed buyers. The partnership not only extends Walrus’s footprint in Web3 infrastructure but also strengthens demand conditions as decentralized data platforms gain traction.
Buyer signals intensify as price tests resistance with mixed momentum
On the hourly chart, WAL/USD trades above both its MA-20 at $0.0379 and MA-50 at $0.0374, while it remains capped below the long-term MA-200 at $0.0439. The Ichimoku Kijun currently sits at $0.0366 and acts as immediate support. Momentum indicators show a Buy signal from both RSI and MACD, with CCI also in favor of buyers. The Bull/Bear Power is positive, reflecting intraday buyer dominance, while ADX and Stoch RSI are neutral, and the Awesome Oscillator is also neutral, revealing mild divergence between momentum and trend strength readings.
Consolidation outlook holds as bullish momentum meets resistance
Over the next 2–3 trading days, WAL/USD is likely to consolidate within a volatility band between $0.0358 and $0.0408. An upward breakout above resistance could trigger further gains, given the high probability of continued buying. Conversely, a bearish scenario could develop if price closes below immediate support, although this is currently regarded as a low-likelihood outcome.
Earlier, analysts noted that Walrus faced continued downside risk amid persistent technical weakness, despite an expanding role in AI data infrastructure. The current shift to intraday bullish momentum adds a new dimension to the recent outlook, with traders advised to monitor the $0.0408 resistance for confirmation of further upside potential.