A 13.40% daily drop on $WAL brings price to $0.0458 amid fading hourly volume.
Volume sits at 0.22x the 23-hour average as price tests the lower boundary of its $0.04493 range.
If buyers defend this low and reclaim the $0.05781 high, stabilization may follow. However, a breakdown below the $0.04493 range low invalidates the recovery setup and signals continued downside risk.
Will buyers step in above the range low, or will the low break to confirm further downside?
Tap $WAL for the live chart. #WAL #BinanceSquare
Volume sits at 0.22x the 23-hour average as price tests the lower boundary of its $0.04493 range.
If buyers defend this low and reclaim the $0.05781 high, stabilization may follow. However, a breakdown below the $0.04493 range low invalidates the recovery setup and signals continued downside risk.
Will buyers step in above the range low, or will the low break to confirm further downside?
Tap $WAL for the live chart. #WAL #BinanceSquare