$WAL Rallied 30% — Is the Pullback Now Setting Up the Next M | Pejmanzwin on Binance Square

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--Bullish

$WAL Rallied 30% — Is the Pullback Now Setting Up the Next Move?

As mentioned in the previous update, Walrus gained more than 30%, although I had expected a deeper correction before that bullish move.

After reaching the $0.061–$0.068 Resistance Zone, WAL reacted strongly and started to move lower.

Price is now trading below the key $0.054 trading level, keeping the short-term corrective scenario active.

I expect WAL to continue its pullback toward the Cumulative Long Liquidation Leverage($0.047–$0.045 ) and the nearby 50% Fibonacci retracement level.

This area could become the next important decision point.

If buyers react positively from the lower liquidity and Fibonacci structure, and WAL later achieves a confirmed breakout above the Descending Channel, another bullish move could develop.

For now, I would prefer to wait for the correction to mature rather than chase a premature Long setup.

The key sequence to watch is:

Correction → Liquidity/Fibonacci reaction → Descending Channel breakout

If that structure develops successfully, the broader bullish scenario could become active again.

What comes next for WAL?

🔴 Deeper correction first
🟢 Bullish breakout after the retest

Pejmanzwin

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Bullish

$WAL Surged 50% — Could the Next Pullback Set Up Another 30% Move?

Walrus has surged more than 50% over the past 24 hours, supported by strong trading activity and renewed interest in its AI + Decentralized Storage narrative.

A major catalyst is the new strategic partnership involving Sui and DATA Network.

Sui Foundation is investing $30M in DATA Network, which will migrate its AI-training-data protocol to Sui, while Walrus becomes the default storage layer for DATA Foundation applications.

Technical Analysis

On the 1-hour timeframe, WAL is approaching the important $0.061–$0.068 Resistance Zone.

After such a strong rally, I would prefer to see a corrective pullback before chasing another bullish move.

From an Elliott Wave perspective, the broader impulsive bullish structure may still have room to continue once the correction is complete.

The main area I’m watching is:

Cumulative Long Liquidation Leverage: $0.045–$0.047

This zone also aligns with important Fibonacci levels.

If buyers successfully defend this structure and a proper bullish trigger develops, I expect WAL to potentially begin another bullish leg with upside of at least 30%.

For now, patience is more important than chasing the current rally.
What comes first for Walrus?

🔴 Correction toward $0.045–$0.047

🟢 Direct breakout above $0.068

#walrus

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.