WAL Breaks Through $0.151 Resistance, Technical Signals Show Strong Momentum

Recently, WAL's performance has indeed attracted attention. After successfully breaking through the $0.151 resistance level and stabilizing at $0.1512, the price has increased by 3.86%. From a technical perspective, the 99-day EMA has formed a solid support base, demonstrating clear relative strength among similar assets.

From a deeper technical analysis, the RSI remains at 58.27, indicating that upward momentum is still within a healthy range. More notably, the resonance formed by the 7-day, 25-day, and 99-day EMAs suggests multi-cycle alignment, often indicating a solid support level. The upper band of the Bollinger Bands is near $0.152. If this key resistance is effectively broken, the subsequent target according to technical chart logic would be around $0.166.

From a market structure perspective, the current long-short ratio is at a relatively low level of 0.24, implying that short positions have accumulated significantly. Market data shows that about 80% of short positions are already in floating loss. Once a reverse breakout occurs, this extreme market structure could trigger a chain of forced liquidations.

On the fundamental side, WAL's application depth in decentralized storage is gradually expanding. Collaborations with ecological projects like Pudgy Penguins and Bluefin clarify its role in Web3 infrastructure. Coupled with the $140 million funding led by a16z and subsequent large-scale community staking support, institutional and community consensus on the ecosystem's prospects remains relatively firm.

In terms of market liquidity, recent hourly net capital inflows have reached $9.8 billion, reflecting increased market participation and buying pressure.

From an operational perspective, focus on several key points: in the short term, monitor the breakthrough of $0.152; if broken, the next target is $0.166; in the medium term, the $0.144 level is crucial as the life line of the 99-day EMA—holding this support indicates the trend continues; long-term, the $0.135-$0.140 range can serve as a potential area for positioning.