Summary
• Walrus/USDC traded in a 0.1163–0.1215 range, forming bearish patterns after a sharp selloff below 0.12.
• Momentum weakened as RSI fell below 30 and MACD turned negative, suggesting oversold conditions.
• Volume spiked during the selloff but diverged from price as the pair recovered near 0.1205.
At 12:00 ET on 2025-12-26, Walrus/USDC (WALUSDC) opened at 0.1213, reached a high of 0.1215, fell to a low of 0.1163, and closed at 0.119. Total volume for the 24-hour period was 380,741.4, with notional turnover of 44,352.68.
Structure & Formations
Price action showed bearish exhaustion with a long lower shadow near 0.1168–0.1165, followed by a bullish reversal pattern near 0.119–0.1203. A potential key support appears at 0.1163–0.1165, with 0.119–0.1205 acting as short-term support. A 50-period MA crossed below 20-period MA on the 5-minute chart, signaling bearish momentum.
Momentum Indicators
MACD turned negative after the selloff, with bearish divergence in price and histogram contraction. RSI fell below 30, indicating oversold territory but without immediate bullish confirmation. This suggests price may stabilize in the near term before a potential rebound.
Volatility and Bollinger Bands
Volatility expanded sharply during the 0.1163–0.1168 dip, pushing prices near the lower band of the Bollinger Bands. Price has since moved toward the middle band, indicating a potential consolidation phase.
Volume and Turnover
Volume surged during the selloff (notably at 230000 and 001500), but price failed to follow through lower. This divergence suggests potential accumulation at recent lows. Turnover rose with volume, reinforcing the idea of active participation during key price levels.
Fibonacci Retracements
A 38.2% retracement of the 0.1163–0.1215 move aligns with 0.1187, where price has found limited support. A 61.8% retracement sits at 0.1206, coinciding with recent bullish consolidation. If price breaks 0.1206 convincingly, it could attract short-term buyers.
Walrus/USDC appears to be in a consolidation phase after the sharp selloff, with oversold RSI suggesting a potential bounce. However, the recent volatility and divergences mean traders should be cautious of false breakouts in the next 24 hours. A move below 0.1163 could signal deeper bearish momentum.
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