$WAL Rejects Major Resistance — Is a Deeper Correction Coming First? As mentioned in the previous update, Walrus gained more than 30%, although I had expected a deeper correction before the bullish move. After reaching the Resistance Zone($0.061-$0.068), WAL reacted strongly and started to move lower. Technical Analysis WAL is now trading below the key $0.054 trading level, keeping the corrective scenario active. I expect the decline to continue toward the Cumulative Long Liquidation Leverage($0.047–$0.045 ) and the 50% Fibonacci retracement level, where buyers could potentially start reacting again. After this correction, a confirmed breakout above the Descending Channel could signal the beginning of another bullish move. For now, the lower liquidity and Fibonacci area will be the key zone to watch. Can WAL complete this correction and break above the Descending Channel afterward? If you found this analysis useful, follow for more.