WAL has been performing quite well recently, with the price standing at $0.1587 and a monthly increase of 22%. Although the overall market sentiment is somewhat neutral, the technical outlook for this coin is quite stable.

From a candlestick perspective, the price has held above the 99-day EMA support ($0.1557) and has successfully tested the middle band of the Bollinger Bands (at $0.1584), indicating solid support levels below. The RSI is currently at 49.28, with bullish and bearish forces nearly balanced, but the MACD histogram has turned positive (0.00022), hinting at a brewing rebound signal. Trading volume is also interesting — 24-hour volume reached $14.5 million, with an hourly net inflow of $16,900, suggesting retail funds are quietly accumulating in preparation for the next phase.

Market liquidity appears to be shifting. Large holders are adjusting their positions, with the long-short ratio dropping from a high level to 0.62, a decline of 34%. Institutional long positions have shrunk by 21%, indicating some caution about recent trends. The market is currently focused on a few key price levels: $0.1613 as resistance above and $0.1573 as a psychological support below.

Interestingly, the total holdings have increased by 21%. This suggests that after the price stabilized at key support zones, new funds are continuously flowing in, gradually restoring market confidence. This is a positive sign for a medium-term rebound.

From the project perspective, WAL plays the role of an AI storage layer within the Sui ecosystem. As a decentralized storage solution, its utility is directly linked to protocol usage, allowing it to benefit continuously from the expansion of the AI ecosystem.