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WAL/USDT — A quiet recovery after a long downtrend
WAL is trading around 0.02619, up 4.22%, with price finally stabilizing after falling from the 0.12531 peak.
The bigger picture is still weak, but the recent structure is different: price has formed a base around 0.02001 and is slowly pushing higher.
Levels on my radar:
• 0.02646 — immediate resistance
• 0.03000 — key breakout area
• 0.04106 — major resistance
• 0.02001 — major support
• 0.02098 — SuperTrend level
MACD is improving and has moved back into positive territory, which supports the recovery idea. But the long-term performance is still heavily negative, so I’d want to see price reclaim higher levels before calling this a full trend reversal.
Above 0.03000 → recovery gets more interesting.
Below 0.02001 → the base is at risk.
For now, WAL looks more like a coin building a base than one already in a confirmed uptrend.
#WAL #WALUSDT $WAL