Walrus (WAL) is currently trading at $0.548418, reflecting a 24-hour change of -2.32%. The daily price range has remained relatively tight, with a high of $0.585608 and a low of $0.539181, indicating limited volatility in the short term.

Trading volume stands at approximately 75.39 million, which corresponds to 11% of the market cap, suggesting active trading but with potential liquidity concerns given the relatively lower volume percentage. The short-term moving averages indicate bearish pressure, with the 8 SMA and 13 SMA both in decline, whereas the 55 SMA shows a positive trend, indicating potential support at $0.5379.

The 1-hour RSI is currently at 37, suggesting that WAL is approaching oversold conditions, while the 7-day RSI at 59 indicates neutral momentum. The price has appreciated significantly over the past week, gaining approximately 27.67%, which may indicate positive sentiment over the longer term despite the recent pullback.

The all-time high for WAL was $0.614597, reached on March 27, 2025, providing a reference point for potential future resistance. The recent price action, combined with the RSI metrics, suggests that while WAL has bullish momentum in the medium-term, the short-term indicators are currently unfavorable.

Given the current technical indicators and the recent price decline, a HOLD rating is recommended. This approach allows for the potential to capitalize on a rebound as the market stabilizes, especially if support at the 55 SMA is maintained.