WAL - -353.76% in 24 Hours Amid Sharp Correction

On OCT 13 2025, WAL dropped by 353.76% within 24 hours to reach $0.2343, WAL dropped by 180.07% within 7 days, dropped by 180.07% within 1 month, and dropped by 180.07% within 1 year.

The recent price action in WAL has triggered widespread scrutiny among investors and analysts. The asset experienced an unprecedented 353.76% decline over a single trading day, signaling a severe liquidity shift or a breakdown in market sentiment. The drop followed a period of extended bearish momentum, with the asset falling by 180.07% over both the seven-day and 30-day periods. This sustained bearish trajectory has raised concerns about the structural integrity of WAL’s underlying fundamentals or its exposure to broader systemic risks.

The decline over the past year mirrors the shorter-term losses, with WAL recording a full 180.07% drop from its prior year level. This consistency in performance across different time frames suggests a lack of meaningful support structures in the asset's valuation. Analysts project that the asset is likely to remain under pressure until a clear catalyst for stabilization emerges. However, due to the extreme nature of the correction, any near-term reversal should be treated with caution.

Technical indicators reflect a deeply oversold condition, with WAL failing to show signs of recovery despite hitting levels that historically precede rebounds. Momentum oscillators and moving averages indicate that the asset remains in a bear phase with no immediate indication of a reversal pattern forming. The absence of a clear bottoming signal reinforces the view that the asset is in a continuation phase of its downward trend.

Backtest Hypothesis

Given the extended bearish trend and lack of reversal signals, a backtesting strategy has been proposed to explore the viability of a short-term directional trade based on the continuation of the bear trend. The strategy assumes that WAL will continue to trade below its 50-day moving average, with additional emphasis on key support levels as price anchors. The hypothesis is grounded in the idea that the asset will remain range-bound in a downtrend unless a material fundamental change occurs. This approach focuses on entering positions upon a confirmed break below critical support levels and exiting on signs of reversal or significant volume divergence.