Against the backdrop of Bitcoin surging to a high of $75,000 and driving a broad increase in market risk appetite, WAL experienced a short-term rise in both volume and price, with $0.07 as a key support and notable resistance above $0.08. In the short term, if trading volume increases but price fails to breach resistance, be alert to the risk of a volatile pullback. It is recommended to closely monitor Bitcoin key levels and derivative market fluctuations, and dynamically adjust medium-to-short-term WAL positions in light of volume changes. If BTC remains strong, WAL may test the $0.09–$0.10 range; otherwise, should BTC retreat, focus on the validity of the $0.07 support to strengthen risk management.

As Bitcoin reclaimed a four-week high and tested the critical $75,000 resistance level, overall market risk appetite significantly increased. The negative gamma range in the derivatives market may amplify volatility, prompting institutions and speculators to enter short-term trades, which in turn activates altcoins with strong linkage to mainstream assets. WAL showed a clear sentiment spillover effect during this volatility, with April 16th seeing a surge in one-day trading volume and price spiking from around $0.069 to $0.122, reflecting strong short-term momentum chasing in the market.

From the daily candlestick chart, WAL broke out of the $0.069–$0.072 consolidation region around April 7, with bullish capital attempting to push prices higher. However, on April 16, a long upper shadow candlestick appeared and the closing price fell back to around $0.078, indicating significant profit-taking at higher levels. Judging by volume and price trends, resistance above $0.08 is clear, while the $0.07 range still acts as short-term support. If volume continues to expand without an effective breakout in price, WAL may experience choppy pullbacks in the short term.

If Bitcoin can successfully hold above $75,000 and usher in another wave of upward momentum, WAL is likely to follow and test the $0.09–$0.10 range. Otherwise, as volatility contracts, risk appetite in the altcoin sector may once again diminish, with WAL possibly returning to consolidation near the $0.07 support level. Investors are advised to continuously monitor key Bitcoin moving averages and the evolution of negative gamma in derivatives. Use trading volume in conjunction with price patterns as criteria for entry or exit, and rationally allocate medium-to-short-term positions.

Walrus

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Walrus Price: WAL Live Price Today | WAL Market Cap & Chart Analysis | Bybit-eu

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WAL price today is 0.07, with a live price change of -6.49 in the last 24 hours. Convert, buy, sell and trade WAL on Bybit-eu.

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