Market Structure and Recent Movement
On the lower timeframes, WAL/USDT is currently moving in a tight horizontal range, indicating a balance between buyers and sellers. The price has repeatedly tested the same levels without establishing a clear trend. This behavior typically occurs when the market is waiting for fresh volume or news to determine the next direction.
Instead of aggressive selling, the candles show short wicks and compact bodies, a sign that neither side is dominating. This consolidation phase can be viewed as a “cooling period” following earlier volatility. Historically, markets that remain compressed for an extended time often produce sharp breakouts once participation increases.
Key Support and Resistance Zones
A careful look at price behavior highlights a strong support zone around $0.139–$0.140. This area has consistently attracted buyers, preventing deeper declines. Below this, the next significant support lies near $0.136, which could act as a safety net in case of a breakdown.
On the upside, WAL faces immediate resistance in the $0.145–$0.148 range. Several attempts to move above this region have failed, making it an important psychological and technical barrier. If buyers manage to push through this zone with solid volume, the pair could attempt a move toward higher levels in the short term.
Indicator Behavior and Market Sentiment
Momentum indicators such as MACD and moving averages currently reflect a neutral market. The MACD lines are closely aligned, suggesting a lack of strong trend direction. At the same time, short-term moving averages are relatively flat, confirming the sideways movement.
