A new interesting project has emerged in the crypto space. WAL recently broke through the key resistance level of $0.151 with strong momentum, with a daily increase of 3.86%, firmly standing at $0.1512. From the technical chart, the support from the 99-day moving average is clear, acting like a solid foundation, making it quite likely to hold in the short term.

Let's take a look at the specific technical indicators. The RSI value is at 58.27, indicating healthy momentum and not yet overbought. The upper band of the Bollinger Bands touches $0.152; once this level is broken, it could theoretically open up a larger upward space. Interestingly, the market sentiment is quite polarized — the 24-hour long-short ratio is only 0.24, meaning there are many short positions, and a lot of large holders are sitting on unrealized losses. If they start to close their positions collectively, it could actually become a catalyst for an upward move.

The ecosystem is also making solid progress. The project has already integrated deeply with Pudgy Penguins and Bluefin, indicating that application scenarios are gradually expanding. In terms of funding, it has the backing of top institutions like a16z with $140 million in support, which is a real endorsement. In the past hour, net capital inflow reached 980 million, showing increased market participation.

In the short term, focus on whether the $0.152 level can be effectively broken through, and it’s also crucial to hold the support at $0.144. As long as this line is not broken, the trend remains intact. The window for re-evaluating the value of this market often passes quickly, so those interested should pay attention to this opportunity.