Recently, I have been paying attention to the WAL token. Its current price is around $0.1419, roughly nine cents in RMB. Today, it has dropped more than 3%. Looking at the 24-hour trend, the high reached $0.1504, and the low dipped to $0.1394. Such fluctuations can indeed make traders nervous.

The trading volume is also decent, with over 40 million WAL tokens traded daily, and the trading amount exceeding $6 million, indicating high market interest. From a technical perspective, the short-term moving averages MA30 and MA60 are both forming resistance above the current price, but the long-term MA180 is close to the current price. From this angle, the long-term trend remains relatively stable. The mark price and the latest transaction price are basically consistent, with no significant deviation, showing that the trading is relatively healthy.

Currently, the overall market is in a consolidation phase. Small-cap tokens often follow the main trend but can also experience independent movements. If you are bullish on this token, it’s crucial to watch the $0.14 support level. If it holds steady, there may be a rebound opportunity; conversely, if it breaks below $0.139, there could be further downside. Regardless of your strategy, the most important thing is to control your position size and avoid putting too much pressure on a single token. Stay alert to any potential volatility risks.