$WAL Market Structure Is Transitioning From Distribution to Base Building #Walrus
Reading the Bigger Picture
After an extended corrective phase, $WAL is no longer showing aggressive sell-offs. Instead, price behavior has shifted into a slow and controlled range. This often signals a transition from distribution to base building, especially in infrastructure tokens like @Walrus đŠ/acc
What the Chart Is Telling Us
Long wicks on downside candles suggest that sellers are being absorbed by buyers. Each time price dips into the lower range, demand steps in quickly, preventing further breakdown. This absorption phase is essential before any sustainable trend reversal can occur.
Why This Phase Matters
Base formation is where strong hands accumulate while weaker hands exit. Although price movement appears boring, it sets the foundation for future expansion.
Takeaway
As long as the base holds, $WAL remains structurally healthy despite short-term uncertainty. #walrus