$WAL has surged 62.088% in the last 24 hours. This strong move comes with volume 14.142 times its seven-day average. The trading volume today is $36.366 million. This confirms the strength of the move, even as $BTC is down 1.69%.
$WAL is now trading at $0.06195, only 3.625% below its seven-day high of $0.06428. The attached chart shows this recent push. However, the 14-hour RSI is at 77.4, indicating overbought conditions.
My view is bullish on $WAL given the significant volume supporting the price action. I would turn neutral if $WAL closes below $0.058. This would suggest that the recent momentum is fading and buyers are not defending these higher levels. I am watching for the price to consolidate near current levels and for the RSI to cool without a sharp drop in price.
#WAL #PriceAction
$WAL is now trading at $0.06195, only 3.625% below its seven-day high of $0.06428. The attached chart shows this recent push. However, the 14-hour RSI is at 77.4, indicating overbought conditions.
My view is bullish on $WAL given the significant volume supporting the price action. I would turn neutral if $WAL closes below $0.058. This would suggest that the recent momentum is fading and buyers are not defending these higher levels. I am watching for the price to consolidate near current levels and for the RSI to cool without a sharp drop in price.
#WAL #PriceAction