Walrus/USDC Market Overview – 24-Hour Analysis as of 2025-10-25

• Walrus/USDC traded within a range of $0.248–$0.2582, closing lower at $0.2529 after an early morning rally.
• Momentum shifted midday as RSI approached overbought levels, followed by a gradual pullback.
• Notable volume expansion occurred after 01:00 ET, coinciding with a 3.5% upward move in price.
• A bearish engulfing pattern emerged at $0.2554, suggesting potential near-term reversal risk.
• Volatility increased following a Bollinger Band squeeze in the pre-dawn hours.

Walrus/USDC opened at $0.2534 on 2025-10-24 at 12:00 ET, reached a high of $0.2586, and closed at $0.2529 at 12:00 ET on 2025-10-25. The 24-hour low was $0.2480. The total traded volume was 5,301,733.9 units, with a notional turnover of approximately $1,339,051. The pair displayed a volatile but ultimately bearish bias, with price action forming a key bearish candle at 01:30 ET and a consolidation phase in the morning.

The market structure revealed multiple key support and resistance levels. A strong support was formed around the $0.2500–$0.2515 range, which held through several attempts to break lower. Resistance emerged clearly at $0.2554 and $0.2582, with the latter acting as a short-term ceiling following an early morning breakout attempt. A notable bearish engulfing candle formed at $0.2554, signaling a potential reversal in the immediate term. A doji candle appeared at $0.2529, indicating indecision and possible consolidation before the next directional move.

Moving averages on the 15-minute chart showed a bearish crossover as the 20-period MA fell below the 50-period MA in the morning. On the daily chart, the 50-period MA remained above the 100- and 200-period MAs, suggesting that the longer-term trend remains neutral to slightly bullish despite recent weakness. The price closed near the 20-period MA at $0.2531, indicating a potential test of its strength in the next 24 hours.

The MACD line crossed below the signal line at $0.2518, confirming a bearish momentum shift, while RSI dropped from 70 to 52, suggesting a pullback from overbought territory. Bollinger Bands showed a tight squeeze in the pre-dawn hours, followed by a sharp expansion and price action near the upper band, indicating a possible overextended move. The price closed just above the middle band at $0.2529, suggesting some short-term consolidation.

Volume spiked significantly after 01:00 ET, particularly between 01:30 and 02:30 ET, as Walrus/USDC pushed higher toward $0.2582. This surge was accompanied by a sharp increase in turnover, which reached a daily high of $66,903 during the peak period. However, as the price pulled back, volume declined, suggesting waning buying pressure. A divergence emerged between price and volume around $0.2554, raising the possibility of a near-term reversal.

Fibonacci retracements revealed a key 61.8% retracement level at $0.2518 during the morning pullback, which coincided with a brief rally. On the daily chart, the 38.2% retracement level at $0.2550 acted as a minor resistance, with price failing to hold above it for more than an hour. These levels may serve as potential entry or exit points for traders monitoring the Walrus/USDC pair over the next 24 hours.

The backtest strategy under consideration involves a 14-day holding period and requires the MACD indicator to determine entry and exit signals. However, due to an issue retrieving MACD data for the ticker "WALUSDC," the exact symbol needs to be confirmed. Possible alternatives include "WAL-USDC," "WAL/USDC," or "WALUSDT," depending on the exchange and quote currency. If "WAL" refers to a specific token such as Waltonchain (WTC), the correct exchange must be specified to fetch accurate data. Once the correct ticker is identified, the MACD indicator can be applied for the backtest period from 2022-01-01 to 2025-10-25.