Walrus (WAL) is currently priced at $0.402797, reflecting a 24-hour decrease of 7.11%. The daily trading range has been relatively tight, with a high of $0.433649 and a low of $0.396548, indicating a volatility of 9.24% within the day.

The trading volume stands at approximately 57.34 million WAL, representing a volume-to-market cap ratio of 10.31%. The hourly moving averages show a downward trend, with the 8 SMA at $0.4110 down 1.99%, and longer-term averages also indicating bearish momentum, suggesting selling pressure is strong at current levels.

The 1-hour Relative Strength Index (RSI) at 28 indicates oversold conditions, while the 7-day RSI of 49 reflects neutral sentiment, indicating that short-term traders may be reacting to the recent price drop. Over the past 30 days, WAL has seen a significant decline of approximately 21.81%, further emphasizing the negative trend.

Despite a slight uptick of 6.16% over the past 14 days, the overall trajectory remains bearish when considered against the longer-term horizon, with the all-time high of $0.759179 achieved on May 14, 2025, now far from the current price. The price action suggests a resistance level around $0.4143 (13 SMA) and support around $0.3965 (24h low).

Given the current market conditions, WAL's significant price drop, and negative moving average trends, a cautious approach is warranted. The technical indicators reflect weak momentum and suggest further downside potential before any bullish reversal can be confirmed.

Rating: Sell. The bearish indicators and high volatility signal a continued downtrend, making it prudent to exit positions until a clear trend reversal appears.