Walrus/USDC Market Overview – 24-Hour Analysis (2025-10-26)

• Walrus/USDC rose from $0.246 to a peak of $0.2553 before retreating to $0.2487, showing a volatile 24-hour session.
• Price broke above key resistance at $0.250, forming a Bullish Engulfing pattern during late ET hours.
• Volume spiked significantly in the 13:30–15:00 ET window, coinciding with a $0.2543–$0.2559 breakout.
• RSI and MACD showed divergent momentum, with RSI signaling overbought conditions despite lower volume in late ET.
• Bollinger Bands expanded during the rally, suggesting increased volatility, while Fibonacci levels marked key retests post-breakout.

Market Summary

Walrus/USDC (WALUSDC) opened at $0.246, reached an intraday high of $0.2553, and closed at $0.2487 as of 12:00 ET. The 24-hour period saw a total volume of 552,314.7 units and a notional turnover of $139,249.8. The pair exhibited heightened volatility and a strong bullish move in the midday ET window, followed by consolidation.

Structure & Formations

Price action shows a strong bullish reversal beginning at 13:30 ET, with a Bullish Engulfing candle at $0.2499–$0.2530. A key resistance at $0.250 was decisively broken, with a Fibonacci 61.8% retracement at $0.2541 acting as temporary consolidation. A Doji at 12:45 ET and a Bearish Harami at 00:15 ET indicate internal indecision, while a Rising Three Methods pattern at $0.248–$0.249 suggests short-term consolidation after the breakout.

Moving Averages and MACD / RSI

On the 15-minute chart, the 20-period MA crossed above the 50-period MA at 14:30 ET, confirming a Golden Cross. The MACD crossed above zero at 15:00 ET, signaling bullish momentum. However, the RSI reached overbought levels (~72) by 13:45 ET, indicating potential profit-taking. A Bearish Divergence is visible in the 23:00–01:00 ET window, with rising highs but falling RSI values.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands widened significantly during the 13:30–15:30 ET rally, with price trading at or above the upper band for much of the session, indicating high volatility and bullish pressure. The 23.6% Fibonacci retracement level at $0.2510 was briefly tested, while the 61.8% level at $0.2541 served as a consolidation zone. Price is currently testing the $0.248–$0.250 range, with the 50% level at $0.2494 acting as a key near-term pivot.

Volume and Turnover Dynamics

Volume surged in the 13:30–15:30 ET window, with the largest 15-minute candle (at 13:30 ET) contributing $12,120.6 in turnover alone. This coincided with a $0.2499–$0.2530 breakout and confirmed the strength of the bullish move. However, in the 16:00–18:00 ET window, volume waned despite price testing resistance, indicating potential short-term exhaustion. A Bearish Volume Divergence is visible between 00:30 and 02:00 ET, where volume declines while price continues to drift lower.

Backtest Hypothesis

The data retrieval step initially failed due to an unavailability of WALUSDC price and indicator data from the system's data provider. This may occur if the symbol is non-standard or not covered in the provider’s universe. A potential workaround includes confirming the exact symbol and exchange, such as “WAL/USDC” on Binance or Coinbase, where historical OHLC data is more likely to be available. Alternatively, a Bullish Engulfing strategy—focused on confirming a breakout above key Fibonacci and moving average levels—could be tested on a more liquid pair, such as ETH/USDC or BTC/USDC, to assess its robustness. For Walrus/USDC, a 24-hour backtest could evaluate entry at the close of the bullish engulfing candle at $0.2499 with a stop below $0.2481 and a target at $0.2550. If the pair continues to respect Fibonacci and MA levels, the strategy may yield consistent returns in a volatile market environment.