WAL Technical Analysis: Downtrend still dey, key support for 0.0651
WAL dey trade round $0.0704 after di daily downtrend still dey. Di latest update show say e dey tight consolidating near $0.07 with low volume, but di bearish structure still dey: WAL dey below EMA20 (~$0.07), MACD still weak, and RSI dey around 41 (neutral‑bearish), wey mean momentum dey fade but e never oversold well well.
Key levels for WAL: main support na $0.0651 wey get multi‑timeframe confluence (1D/3D). If e hold for $0.0651 e fit form short‑term base and small relief bounce, but if e break, risk dey for deeper correction go lower weekly supports. Di first intermediate level to watch na $0.0703.
Upside resistance dey at $0.0730; if e reclaim and hold, dat go be di earliest short‑term bullish confirmation. Higher resistances dey near $0.0821, den $0.1164 and $0.1480. Volatility low (low ATR), so price fit "grind" first, but e fit quicken if support fail—liquidity risk dey too for futures traders.
BTC correlation matter: if BTC weaken, WAL fit retest $0.0651; if BTC strengthen, rebound for WAL go more likely. Traders suppose monitor volume at $0.0651 and whether WAL fit reclaim $0.0730 to better di short‑term outlook.
Bearish
Both articles dey talk sey WAL still trapped for daily downtrend, price dey consolidate low and volume dey weak — conditions wey usually dey limit upside follow-through. Indicators remain mixed-to-bearish (MACD weak, RSI around 41), and di most critical near-term decision point na whether WAL fit hold $0.0651. If e lose $0.0651, e go likely extend di correction toward lower weekly levels. For upside, bias go only improve if WAL reclaim $0.0730 with strength; until then, rallies more likely be corrective. Di BTC linkage add risk: if BTC turn down, WAL’s downside retest odds go rise, confirming di bearish outlook.