Trend Structure ✨
$WAL USDT has been in a strong downtrend since launch, forming consistent lower highs and lower lows. Price dropped from the upper 0.20–0.24 region into the 0.11–0.13 zone before attempting a recent recovery. This confirms that sellers dominated most of the trend.
Current Price Behavior
Price is now trading around 0.146, showing a short-term bounce from the recent bottom near 0.115–0.120. However, price is still below previous breakdown levels, meaning the overall trend remains bearish-to-neutral unless a breakout occurs.
🌱 Support & Resistance
Major Support: 0.120 – 0.125 zone (recent bottom area)
Immediate Support: 0.135
Immediate Resistance: 0.155 – 0.160
Major Resistance: 0.180 – 0.200
A break above 0.160 with volume could open upside toward 0.180–0.200.
Failure to hold 0.135 may send price back to 0.120 support.
💫 RSI (Momentum)
RSI is near 55, recovering from oversold conditions. This indicates buying momentum returning, but not yet in overbought territory. Momentum is improving, but trend confirmation is still needed.
💸 Volume
Volume appears moderate on the bounce — not explosive. This suggests the recovery is corrective, not a confirmed trend reversal yet.
Short-term: Mild bullish recovery in progress
Mid-term: Still bearish unless price breaks above 0.160–0.180
Key level to watch: 0.120 support and 0.160 resistance
#walrus is attempting a rebound after a long sell-off. Momentum is improving, but the trend is not fully reversed yet. A breakout above 0.160 could confirm bullish continuation ; otherwise, price may retest lower supports.
