WAL is showing weak participation as price continues to move within a broader downtrend.
• Price is holding around 0.0774 USDT, down 4.56% on the day, reflecting continued selling pressure in the current range.
• Recent price action remains far below the 0.1636 peak from late January, with lower highs and lower lows still defining the structure.
• Trading activity is relatively light, with 2.27M WAL traded in the last 24 hours (~$178K), suggesting limited momentum behind recent moves.
• On the daily timeframe, price is trading below the 9-EMA (0.0812) and 15-EMA (0.0839), confirming persistent bearish momentum with EMAs acting as resistance.
• Support is forming near 0.0683, while resistance remains around the 0.081–0.084 zone, keeping price locked in a weak consolidation range.
Overall, WAL appears to be in a cooling phase after a prolonged decline. Momentum remains soft, and unless price reclaims the EMA zone with stronger volume, the broader trend stays under pressure.
