Looking at the trend of WAL, the current price of 0.1279 has reached a new low since its listing. There is a slight golden cross pattern at the bottom of the MACD, but to be honest, it’s not very useful—the Trading Volume is simply not cooperating. Rather than a reversal signal, it’s more like a sideways adjustment during the decline, just giving people a chance to catch their breath.
In the short term, WAL is a typical "zombie coin", completely lacking momentum. The main funds have either long since exited or are tightly locked up, and now it's just retail investors trading sporadically to maintain a basic level. As soon as there is some selling pressure, the price could drop at any moment.
**Key Points Overview**
The upward resistance is at these positions. The range from 0.1500 to 0.1600 is the small platform bottom before the previous fall, and it has now become a strong resistance. Once it rebounds to this point, retail investors who are trapped will be eager to escape. Higher up, 0.2000 is the key support from the previous period and also a psychological barrier. Unless there is significant positive news, it won't be touched in the short term.
The following support levels should also be noted. The range from 0.1100 to 0.1200 is currently the consolidation low, with bulls barely holding on here, attempting to build a platform to stop the fall. Below that is the integer level of 0.1000; if 0.11 is broken, 0.10 will definitely be tested.
**The most heart-wrenching is Trading Volume**
Continuous low volume, it's almost impossible to see the bars. This is even more painful than a volume-driven fall, because it indicates that buying pressure has dried up, and the price is being dragged down by gravity, "bleeding" little by little. Coins that no one wants are useless, no matter how cheap they are.
**How to operate**
If you're still holding WAL right now, you need to think seriously. The trend is downward, and there are no signs of a stop in the fall. Unless you have strong confidence in the fundamentals of this project, it is recommended to decisively sell when it rebounds to around 0.1400 and switch to some mainstream coins, as they at least have better liquidity.
If you are currently in cash, I advise you not to touch it. For coins that are "falling endlessly," no one can say where the bottom is. If you must play, the only opportunity is to take a small position around 0.1000 to 0.1100 for a short-term rebound from an oversold condition. But to be honest, the risks are terrifyingly high; you need to get in quickly and exit even faster.
Overall, WAL has entered a deep bear market hibernation period, with no trading volume and no fluctuations. It is advisable to stay away for the time being. Don't let your funds get stuck here for the long term.
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Looking at the trend of WAL, the current price of 0.1279 has reached a new low since its listing. There is a slight golden cross pattern at the bottom of the MACD, but to be honest, it’s not very useful—the Trading Volume is simply not cooperating. Rather than a reversal signal, it’s more like a sideways adjustment during the decline, just giving people a chance to catch their breath.
In the short term, WAL is a typical "zombie coin", completely lacking momentum. The main funds have either long since exited or are tightly locked up, and now it's just retail investors trading sporadically to maintain a basic level. As soon as there is some selling pressure, the price could drop at any moment.
**Key Points Overview**
The upward resistance is at these positions. The range from 0.1500 to 0.1600 is the small platform bottom before the previous fall, and it has now become a strong resistance. Once it rebounds to this point, retail investors who are trapped will be eager to escape. Higher up, 0.2000 is the key support from the previous period and also a psychological barrier. Unless there is significant positive news, it won't be touched in the short term.
The following support levels should also be noted. The range from 0.1100 to 0.1200 is currently the consolidation low, with bulls barely holding on here, attempting to build a platform to stop the fall. Below that is the integer level of 0.1000; if 0.11 is broken, 0.10 will definitely be tested.
**The most heart-wrenching is Trading Volume**
Continuous low volume, it's almost impossible to see the bars. This is even more painful than a volume-driven fall, because it indicates that buying pressure has dried up, and the price is being dragged down by gravity, "bleeding" little by little. Coins that no one wants are useless, no matter how cheap they are.
**How to operate**
If you're still holding WAL right now, you need to think seriously. The trend is downward, and there are no signs of a stop in the fall. Unless you have strong confidence in the fundamentals of this project, it is recommended to decisively sell when it rebounds to around 0.1400 and switch to some mainstream coins, as they at least have better liquidity.
If you are currently in cash, I advise you not to touch it. For coins that are "falling endlessly," no one can say where the bottom is. If you must play, the only opportunity is to take a small position around 0.1000 to 0.1100 for a short-term rebound from an oversold condition. But to be honest, the risks are terrifyingly high; you need to get in quickly and exit even faster.
Overall, WAL has entered a deep bear market hibernation period, with no trading volume and no fluctuations. It is advisable to stay away for the time being. Don't let your funds get stuck here for the long term.