Walrus/USDC Market Overview for 2025-11-12

Generated by AI AgentTradeCipherReviewed byDavid Feng
Wednesday, Nov 12, 2025 6:15 am ET2min read
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- Walrus/USDC traded in a tight range with key support at 0.2195 and resistance at 0.2285.

- Volume spiked after midnight ET as price dropped to 0.2195, forming a bullish hammer pattern.

- RSI remained neutral near 50 while MACD showed converging trends, signaling mixed momentum.

- Bollinger Bands expanded during the sell-off, with price closing near the lower band at 0.2195.

- Fibonacci analysis confirmed 0.2195 as a critical support level after repeated tests during the rebound.

Summary
• Walrus/USDC traded in a tight range with a key support at 0.2195 and resistance at 0.2285.
• Volume spiked after midnight ET, coinciding with a sharp price drop to 0.2195.
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Momentum
showed mixed signals, with RSI near neutral and MACD reflecting converging trends.

Walrus/USDC (WALUSDC) opened at 0.2217 on 2025-11-11 at 12:00 ET, hit a high of 0.2291 and a low of 0.2187, and closed at 0.2288 as of 2025-11-12 at 12:00 ET. Total volume was 926,445.8 and total turnover was $208,936.80 over the 24-hour period.

The 15-minute chart revealed a volatile overnight session starting around 00:00 ET, with a strong bearish move driven by elevated volume. A 0.2195 support level held briefly before a rebound began. The price formation near 0.2195 resembles a bullish hammer, suggesting potential near-term reversal. On the 20-minute and 50-minute moving averages (20/50), the 50-line crossed above the 20-line during the morning hours, signaling a short-term bullish bias.

MACD & RSI

The 15-minute MACD showed a divergence during the overnight sell-off, with the histogram narrowing and the signal line crossing above the MACD line, indicating potential exhaustion of bearish momentum. RSI hovered around 50 throughout the session, with a brief dip to 45 at 02:00 ET and a minor overbought move near 57 at 11:15 ET. No clear overbought or oversold conditions emerged, but the RSI trended upward in the final hours, aligning with the price recovery.

Bollinger Bands & Volatility

Bollinger Bands expanded significantly during the overnight sell-off, with Walrus/USDC closing near the lower band at 0.2195. This is a classic sign of volatility expansion and a potential turning point. As the price recovered in the morning hours, it moved back into the middle band, indicating a return to more stable conditions.

Volume & Turnover

Volume was most active between 00:00 and 02:00 ET, with the largest single candle (00:00–00:15 ET) showing a high of 0.222 and a low of 0.2187. This candle represented the largest volume spike with 211,757.5 units traded, indicating strong bearish conviction. Turnover during this period totaled approximately $45,551.50, nearly 22% of the 24-hour total.

Fibonacci Retracements

Applying Fibonacci levels to the overnight move from 0.222 to 0.2187, the 38.2% level at 0.2202 and 61.8% at 0.2195 were significant. Price tested the 61.8% level twice before the rebound began. On the daily chart, 0.2195 represents a strong support zone that could become a key level in the next 24 hours.

Backtest Hypothesis

A backtesting strategy is being considered using RSI as a signal for Walrus/USDC. Since RSI data for this ticker could not be retrieved, it is crucial to confirm the correct symbol and exchange. Once verified, the system will generate buy signals when RSI drops below 30 and close positions after 7 days. This method could help validate whether Walrus/USDC’s price responds predictably to oversold conditions, which may align with the observed volatility and support levels from the recent 24 hours.