WALUSDT Surges 27% Initiating Wave 3 Bullish Cycle

WALUSDT has successfully broken past the $0.44 mark, initiating Wave 3 of its Elliott Wave cycle. This move is significant as it indicates a strong bullish momentum, with the next target set between $2 and $3. The price action has shown clear signs of continuation, with higher highs and stable lows, suggesting that the uptrend is intact.

The recent breakout has been fueled by a sharp Wave 2 base at $0.33, which has now resolved, setting the stage for an impulsive phase. The structure of the wave remains consistent with bullish trend flow, as evidenced by the price reclaiming the previous resistance level and using it as solid support. This pattern reflects strong buyer conviction behind the recent breakout.

The 1.618 Fibonacci extension places WALUSDT’s next target between $2 and $3, with structure and volume favoring further upside. The price has tested the $0.44 mark repeatedly during consolidation, confirming its importance. The five-wave diagonal seen in Wave 1 built the foundation for the breakout, and as volume climbs in parallel with price, bullish continuation appears technically valid.

A recent assessment from market researcher CryptoBullet confirmed the active Elliott Wave formation. Their projections show $WAL reaching $2 to $3 during Wave 3, in line with the 1.618 Fibonacci extension. With no heavy resistance ahead, traders see more room for upside in the current move.

Bullish interest is rising among momentum traders reacting to the structure’s rhythm. Price continues forming higher highs and stable lows, preserving symmetry and wave proportion. Shallow retracements further strengthen trend stability, ensuring that the uptrend remains intact.

Of particular interest is the inset chart showing the current pattern compared with a typical leading diagonal. The structure closely mirrors ideal wave alignment, supporting the extended move in Wave 3. All wave metrics remain intact, with volume, angles, and timing reinforcing the pattern. Consolidation zones have not triggered breakdowns, and support levels held firm across pullbacks, ensuring trend continuation without technical failures.

Based on a report by technical researchers, Wave 3 remains the strongest leg within the cycle, while Wave 4 could pause the run. This would set up Wave 5 to carry the price higher, possibly to the $5 range. The $0.44 level remains pivotal for bulls as momentum builds with each new session.