Walrus slips 7.64% amid sustained sell-off, testing short-term market support

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Walrus drops 7.64% in today's trade

Highlights

Walrus (WAL) fell 7.64% to $0.2175, trading below its MA-20 ($0.3561), MA-50 ($0.3925), and MA-200 ($0.4582), highlighting strong downside pressure.
Technical signals for WAL are predominantly bearish, with the price stuck below Ichimoku Kijun resistance at $0.2539, a low RSI at 23, and persistent selling confirmed by the Awesome Oscillator.
WAL is expected to range between $0.2139 and $0.2238 with under 20% probability of a rebound, while a break below $0.2139 could lead to new lows.

Bearish momentum dominates as oversold signals and resistance converge

WAL remains below key technical levels, with the nearest dynamic resistance found at the Ichimoku Kijun near $0.2539. Immediate support is not clearly defined in the current setup, signaling uncertainty in establishing a technical floor. Momentum readings present a mixed outlook, as the MACD indicates bearish momentum and the ADX reflects strong trend strength, while oversold signals — including a very low RSI at 23, a sharply negative CCI, and a largely neutral but locally oversold Stoch RSI — suggest the market could be close to exhaustion on the downside. The Awesome Oscillator emphasizes the bearish sentiment, and price action at the lower end of today's range, combined with moderate to high volatility, confirms persistent selling pressure.

Lower trading range expected as breakout risks remain limited

In the short term, WAL is projected to fluctuate between $0.2139 and $0.2238, with an average price around $0.2189. The probability of a price increase is very low (under 20%), making continued decline the more likely outcome, given no clear bullish technical signals. Baseline expectations point to sideways movement within this corridor, but should price break above $0.2539, a short-term rebound is possible. A drop below $0.2139 would likely trigger further weakness and a test of new lows.

Anton Kharitonov, expert at Traders Union, sees Walrus (WAL) trading under persistent bearish technical pressure, with the price well below its moving averages and no significant news to provide supportive sentiment. He highlights a lack of clear support and a cluster of oversold readings, indicating that downside momentum may be nearing exhaustion but has yet to provide any bullish reversal signal. The analyst remains defensive, noting that the probability of a short-term price rebound is low as long as WAL remains under key resistance. "With no strong bullish triggers and continued selling, I am not considering long positions until the price can reclaim $0.2539 — for now my base case remains sideways to slightly lower."

Previously, it was reported that the asset remained under heavy downward momentum, trading below all major moving averages. Technical indicators suggested mixed signals as oversold conditions clash with strong downtrend, as explained in oversold conditions clash with strong downtrend.

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.