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Walrus ($WAL) Technical Analysis and Price Forecast:
$WAL coin pumped nearly 50% on Wednesday made a breakout of the Descending trend line, now Wal coin is dropping again making a retest of the down trend if the Retest will be successful $WAL price could make Drastic Pump. However a break below the the trend line could result in the formation of the new lows.
Trading Indicators.
The Relative Strength Index RSI is at 53 higher than the level of neutral aiming downward indicating that the price could go down. Confirming that the $WAL is going to make a retest of the Trend line.
Moving Average Convergence Divergence MACD is near to make a bearish crossover orange line is going to flip blue line indicating that the bearish momentum ahead.
However the Bitcoin price will remain concern here if the Bitcoin drop below $90k it will be the conformation that @Walrus 🦭/acc will break below the trend line.
#walrus