WAL recently stabilized at $0.1512, with a daily increase of 3.86%, breaking through the previous key resistance level of $0.151. From a technical perspective, the 99-day moving average performs steadily, providing a solid support base.
Technical data is quite impressive. The RSI indicator reads 58.27, indicating healthy momentum. The upper band of the Bollinger Bands touches $0.152; once this level is broken, it may attract more capital inflows. Notably, the long-short ratio has reached a relatively low level of 0.24, meaning about 80% of the large short positions are currently at a loss, and the downward pressure is gradually being compressed.
From an ecosystem development perspective, this project has indeed carved out its own path in the Web3 storage sector. It has deep integrations with well-known applications like Pudgy Penguins and Bluefin, which have helped build a relatively solid application ecosystem. Support from funding sources is also strong—a16z invested $140 million, and the locked-up effect of this funding provides a strong backing for the project. Binance also released a prize pool of 1.3 million to activate market activity, with a net capital inflow of 980 million in the past 24 hours.
In the short-term trading view, the $0.152 level is a key breakout point to watch, while $0.144 is the trend support level that needs to be maintained. From a policy-friendly asset perspective, the window of opportunity usually doesn't last long, so interested participants may need to act quickly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
6
Repost
Share
Comment
0/400
GateUser-4745f9ce
· 13h ago
Short-term unrealized loss of 80%? This is the real pressure release. WAL is about to take off.
View OriginalReply0
TokenStorm
· 13h ago
0.152 breaking below is indeed interesting, but I still bet on a pullback to the 0.144 level, which is the true storm center.
Shorts with an 80% unrealized loss? Haha, they can still dump the price, don’t be too naive everyone.
Can a16z’s $140 million really support the market? I still only trust on-chain data.
View OriginalReply0
DefiPlaybook
· 13h ago
Short position unrealized loss 80%?This data seems a bit off, need to verify on-chain
---
Breaking 0.152 really depends on the next 24 hours, a net fund inflow of 980 million sounds impressive but how much can actually be retained is the question
---
a16z investing 140 million sounds stable, but storage projects haven't died in the past two years
---
Talking about a short window period again, I've heard this excuse too many times [Dog Head]
---
129,000 in the prize pool, what can it activate? Just do the APY calculation and you'll know, probably about that level
---
Wow, from 0.144 to 0.152, all your operation space, huh
---
Collaborating with Pudgy Penguins? Isn't this just riding the wave of traffic to create hype? Don't be fooled into getting chopped, everyone
---
RSI 58 is right in the comfort zone, but that's exactly the easiest to be smashed down, old story
---
The 99-day moving average support sounds reassuring, but in reality, it still depends on whether the main force is willing to dump
---
Friendly policies? I remember storage projects said the same thing a few years ago
View OriginalReply0
AltcoinHunter
· 14h ago
If it breaks through 0.152 USD, it might really be the eve of a hundredfold opportunity... I mean from a technical perspective.
I've been paying attention to a16z investing 140 million, it's a reliable project.
Long-short ratio 0.24? The bears are about to be buried alive haha.
This window of opportunity isn't long, I need to quickly study the details of ecosystem integration.
View OriginalReply0
BearMarketMonk
· 14h ago
It looks like the same old script again—good data, compelling stories, and full backing for funding. But look, the fact that 80% of short positions are floating with unrealized losses precisely indicates that the market has almost fully overextended its expectations. The true bottoming logic has never been this shiny and bright.
WAL recently stabilized at $0.1512, with a daily increase of 3.86%, breaking through the previous key resistance level of $0.151. From a technical perspective, the 99-day moving average performs steadily, providing a solid support base.
Technical data is quite impressive. The RSI indicator reads 58.27, indicating healthy momentum. The upper band of the Bollinger Bands touches $0.152; once this level is broken, it may attract more capital inflows. Notably, the long-short ratio has reached a relatively low level of 0.24, meaning about 80% of the large short positions are currently at a loss, and the downward pressure is gradually being compressed.
From an ecosystem development perspective, this project has indeed carved out its own path in the Web3 storage sector. It has deep integrations with well-known applications like Pudgy Penguins and Bluefin, which have helped build a relatively solid application ecosystem. Support from funding sources is also strong—a16z invested $140 million, and the locked-up effect of this funding provides a strong backing for the project. Binance also released a prize pool of 1.3 million to activate market activity, with a net capital inflow of 980 million in the past 24 hours.
In the short-term trading view, the $0.152 level is a key breakout point to watch, while $0.144 is the trend support level that needs to be maintained. From a policy-friendly asset perspective, the window of opportunity usually doesn't last long, so interested participants may need to act quickly.