The post WAL Technical Analysis Jan 24 appeared on BitcoinEthereumNews.com.

WAL market structure maintains the downtrend; LH/LL formation dominant, short-term bearish signals prevailing. Market Structure Overview WAL is holding steady at $0.13, while the overall market structure signals a clear downtrend. The recent lower highs (LH) and lower lows (LL) sequence confirms the bearish structure. Price is trading below EMA20 ($0.14) and Supertrend is giving a bearish signal, capped by $0.16 resistance. Multi-timeframe (MTF) analysis identified a total of 9 strong levels across 1D, 3D, and 1W charts: 2 supports/1 resistance on 1D, 1 support/3 resistances on 3D, 2 supports/4 resistances on 1W, with the weighted distribution reinforcing bearish pressure. RSI at 40.04 is in neutral-bearish territory, MACD shows a negative histogram. No significant news flow; structural analysis takes precedence. Trend Analysis: Uptrend or Downtrend? Uptrend Signals A higher highs (HH) and higher lows (HL) sequence is required for an uptrend; however, WAL’s recent swing highs capped at $0.1299 with no new HH formed. Short-term recoveries seen in $0.1254-$0.13 range, but these did not break the HL structure. A close above EMA20 ($0.14+) and BOS above $0.1299 could provide the first bullish signal, though weak in the current structure (bullish target $0.1958, score 26/100). RSI crossing above 50 would be supportive, but it’s distant now. Downtrend Risk Downtrend confirmed by LH/LL: Recent swing low at $0.1154 (score 75/100) and prior $0.1254 (68/100) formed LLs. $0.1299 acted as LH resistance. A drop below $0.1154 triggers CHoCH (Change of Character), confirming bearish continuation (target $0.0489, score 22/100). 24-hour -0.39% change and BTC downtrend increase the risk. Structure Break (BOS) Levels BOS (Break of Structure) confirms trend changes. Bearish BOS requires a break below $0.1154 swing low; a daily close below reinforces LH/LL and invalidates $0.1254. Bullish BOS needs a break above $0.1299 and EMA20 at $0.14, initiating HL sequence. MTF shows strong…

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Filed under: News - @ January 24, 2026 7:25 am