• Walrus (WAL) gains 9.15% in 24 hours, maintaining weekly growth of 8.85%.
• Market capitalization rises to $374.16 million amid increased trading activity.
• Community sentiment remains strongly bullish, with 84% expressing optimism.
• The price targets the $0.30–$0.31 resistance zone for its next move.

Walrus (WAL) continues to capture market attention as it posts a 9.15% gain over the last 24 hours. The steady rise follows a week of upward performance, with the token climbing 8.85%. Such consistent movement highlights growing investor interest and strong momentum across the WAL market.

At the time of writing, the token is trading at $0.2529, showing notable market activity. The 24-hour trading volume has surged by 31.96%, reaching $465.3 million. Meanwhile, its market capitalization is $374.16 million, up 9.49%, underscoring Walrus’s expanding influence in the digital asset space.

Also Read: Walrus (WAL) Shows No Signs of Reversal: Watch for Break Below $0.3784

Community Sentiment Shows 84% Strong Bullish Trend

The current community sentiment shows a strong and confident bullish outlook, with 84% of participants expressing optimism. This indicates that the vast majority believe the market or asset is likely to rise in value. The sentiment, based on a total of 8.6K community votes, reflects a positive overall expectation.

On the other hand, only 16% of voters hold a bearish perspective, anticipating a potential decline in price or performance. This cautious minority believes the market may face downward pressure in the near future. Despite their concerns, the bullish sentiment clearly dominates across the board.

WAL Retests Support, Targets Strong Rally Ahead

As explained by crypto analyst @LennaertSnyder, the token 4H chart is hosting a good bullish setup after a breakout above a main $0.252 resistance area that is now hosting potential support. The level is serving as a former range top and is cleanly breached as momentum caught up with Bitcoin’s bullish movement. A successful retest as support of this area would affirm a resistance-to-support flip that is commonly a precursor to a continuation rally.

Currently, it is at approximately $0.2529, consolidating following the breakout. The chart is predicting a bullish movement up to the next significant resistance at $0.30–$0.31, which is a 21–22% gain. A retake over $0.30 would reinforce bullish continuation trades that would probably draw momentum traders for additional gains.

On the downside, failure to hold above $0.252 could lead to a retest of the lower support near $0.24. The larger picture is that of a positive market structure with the bigger highs and larger lows reflecting continued bullish momentum on par with the larger crypto market sentiment.

Also Read: Walrus Explodes with $140M Backing and Mainnet Launch