The 4-hour chart for WAL/USDT reveals that the asset has experienced significant volatility, characterized by a sharp decline followed by an extended period of consolidation. The price is currently testing a crucial resistance level, suggesting a potential breakout is imminent.
Major Support (The Floor): $0.2158 (Green Line). This level has held firm repeatedly, acting as a reliable floor and a probable "demand zone." A breakdown below this point would confirm bearish momentum and likely initiate a further decline.
Immediate Resistance (The Barrier): $0.2524 (Lower Red Line). This is the most crucial level right now.
Primary Targets (Upper Resistance): $0.2800 (Middle Red Line) and $0.3024 (Upper Red Line). These levels will act as the next key price targets if the $0.2524 resistance is overcome
Major Support (The Floor): $0.2158 (Green Line). This level has held firm repeatedly, acting as a reliable floor and a probable "demand zone." A breakdown below this point would confirm bearish momentum and likely initiate a further decline.
Immediate Resistance (The Barrier): $0.2524 (Lower Red Line). This is the most crucial level right now.
Primary Targets (Upper Resistance): $0.2800 (Middle Red Line) and $0.3024 (Upper Red Line). These levels will act as the next key price targets if the $0.2524 resistance is overcome
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.