Let’s break down $WAL’s price action over the last 24 hours.
$WAL is currently trading around $0.15, up roughly 10–12% on the day. Trading volume has expanded significantly into the $60–75M range, showing that market interest has clearly picked up.
On the futures side, long positions slightly outweigh shorts, with a long/short ratio near 1.42:1. Overall sentiment is mildly bullish but far from overheated—buyers and sellers are still actively testing each other. Participation is dominated by short-term traders chasing momentum, and from a technical standpoint, bulls still have a slight edge.
Liquidation activity has been minimal. Total liquidations over the past 24 hours are only about $190K, with marginally more longs getting liquidated. This suggests some profit-taking or stop-loss hits during the move higher. Leverage levels remain relatively low compared to major coins, meaning risk hasn’t fully ramped up yet.
It’s important to note that this rally isn’t driven by any major news. There are no fresh announcements or partnerships behind the move. At most, it’s supported by general ecosystem activity and older expectations of linkage with the Sui ecosystem. The price action is largely the result of sentiment, capital rotation, and FOMO.
In the short term, $WAL is clearly hot—price and volume are both expanding—but the move is speculative rather than fundamentally driven. Markets like this tend to be volatile, with the potential for sharp extensions as well as sudden pullbacks.
Strategy reminder: always use stop-losses. Keep a close eye on the $0.15 support level—if it holds, upside continuation is possible; if it breaks, a retracement is likely. Stay disciplined and prioritize risk management.
