WAL Market Breakdown — Oversold but Not Broken
Spot WAL Insights | 2026-01-19 08:00 UTC
WAL has experienced a sharp decline over the past 24 hours, triggering strong bearish momentum and pushing price well below key moving averages. Despite this weakness, several technical and fundamental factors suggest the asset may be approaching a critical decision zone.
From a technical perspective, RSI across multiple timeframes (6, 12, 24) is deeply oversold, indicating selling pressure may be overstretched. While this does not guarantee a reversal, it often precedes price stabilization or short-term relief moves.
At the same time, Walrus is completing a major infrastructure upgrade with the “Tusky” data migration, transitioning the protocol toward production-grade performance for large file transfers.
Price action remains weak, but fundamentals continue to evolve.@Walrus 🦭/acc $WAL
