Looking at the $WAL /USDT 4-hour chart from a different analytical perspective:
Structural Analysis:#walrus
The pair is showing a classic accumulation-to-markup pattern. After a significant decline from the 0.1993 zone, price found a firm bottom around 0.1319 and has been building higher lows, suggesting buyer absorption at lower levels.
Key Observations:@Walrus 🦭/acc
Bollinger Band Positioning: Price is currently riding the upper Bollinger Band (0.1593), which often indicates strong momentum but also potential for mean reversion back toward the middle band (0.1552).
Volume Profile Concern: The declining volume as price approaches the 24h high (0.1629) is a divergence worth noting. Healthy uptrends typically need expanding volume on rallies.
Moving Average Alignment: The moving averages show a bullish crossover structure with price above both the shorter MA(5) and MA(10), confirming the short-term uptrend.
Alternative Perspective - Potential Resistance Zone:
Rather than focusing on continuation, there's a case for short-term exhaustion:
Price is down 1.74% despite being in an uptrend structure
The 0.1629 level (24h high) represents immediate resistance
A rejection here could see price retrace to 0.1544-0.1552 zone (confluence of 24h low and middle BB)
Risk Consideration: The Storage indicator suggests this might be a lower-tier or newer listing, which typically carries higher volatility and liquidity risks.