WAL -229.83% in 24 Hours Amid Sharp Price Correction

On OCT 11 2025, WAL experienced a dramatic price correction, dropping 229.83% within 24 hours to reach $0.2166. The asset continued its steep decline over the prior seven days, with a total drop of 925.46%, and the same percentage decline was recorded over the past one month and one year. The sharp correction signals a significant shift in market sentiment and a breakdown in previous price stability.

The price movement is indicative of a broader technical breakdown. WAL has failed to hold key resistance levels, resulting in a freefall toward critical support thresholds. Analysts project that the asset is entering a volatile consolidation phase, with the possibility of further short-term weakness. The RSI has moved into oversold territory, suggesting potential for a bounce, though without a clear catalyst or reversal pattern, the trend remains bearish.

Technical indicators such as the MACD and moving averages reinforce the bearish narrative. The 50-day and 200-day moving averages are both trending downward, and the MACD has remained in negative territory for the majority of the past month. These signals suggest that downward momentum is intact and that any near-term rallies are likely to be short-lived.

The market's reaction appears to be driven by fundamental concerns rather than technical triggers. No new projects or partnerships have been announced recently, and trading activity has not shown signs of abnormal volume or inflow. The absence of bullish catalysts has left the asset vulnerable to broader market sentiment and macroeconomic factors, which remain unfavourable for speculative assets.

Backtest Hypothesis

A hypothetical backtesting strategy can be developed based on the recent technical patterns observed in WAL. The strategy would involve a short position triggered when the RSI crosses below 30 and the MACD line crosses below the signal line, reinforcing the bearish divergence. A stop-loss would be placed at the nearest resistance level, with a target near the next support threshold. Given the recent volatility, the strategy would also incorporate a trailing stop to manage risk during rapid price movements. The backtest would aim to evaluate the effectiveness of this setup in capturing the downward trend and mitigating exposure during potential rebounds.