Walrus (WAL) is currently priced at $0.154292, reflecting a significant decline of 7.76% over the past 24 hours. The daily trading range has been tight, with a high of $0.167443 and a low of $0.146021, indicating volatility in a bearish trend.

The trading volume stands at approximately 26.76 million, representing 11.47% of the market cap, suggesting that while there is considerable activity, it may not be enough to sustain upward momentum. The moving averages indicate mixed signals; while the 8 SMA and 13 SMA are trending slightly upward, the longer-term averages (55 SMA and 144 SMA) are both showing substantial declines, hinting at an overall bearish sentiment.

The Relative Strength Index (RSI) is currently at 58 for the hourly timeframe, indicating a neutral position; however, the 7-day RSI at 40 suggests that WAL is nearing oversold territory. Recent price changes over 7, 14, and 30 days confirm a persistent downtrend, with losses of approximately 21.58%, 21.89%, and 32.67%, respectively.

Historically, WAL reached an all-time high of $0.759179 in May 2025, which emphasizes the current price's stark difference from previous peaks. This significant decline from the all-time high suggests that the asset is under pressure and may need strong catalysts for recovery.

Given the current price action, volume metrics, and moving averages, the overall market sentiment for WAL appears bearish. Therefore, the recommendation is to hold WAL in the short term, as the potential for a recovery depends on stabilization in the market and the ability to breach critical resistance levels above $0.167443.