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📖 Day 1 · Quiz (Single Choic
WAL 1D Chart Hints At $0.70+ Breakout As Grayscale Backs Walrus Trust
WAL accumulation zone sits at $0.36–$0.44 with breakout targeting $0.70–$0.78.
Grayscale launches Walrus Trust, boosting credibility for Sui-based WAL token.
Risks include high volatility and technical challenges despite growing institutional interest.
Walrus — WAL, is flashing signals traders can’t ignore. Current data points to a clear accumulation zone between $0.36 and $0.44, a level that has held strong despite market swings. Once resistance breaks, momentum could launch the token toward $0.70 to $0.78. The excitement grows stronger with Grayscale’s recent announcement of a Walrus Trust, a move that brings fresh attention and credibility to the Sui ecosystem.
Chart Levels That Matter
The 1D chart for WAL shows a decisive story. Volume Profile data highlights a deep pocket of accumulation in the $0.36–$0.44 range. Traders often see these zones as fuel stations, gathering energy before the next move. If resistance finally bends, the projected leap to $0.70–$0.78 would mark a powerful breakout. That kind of movement could change the narrative for this token. A breakout isn’t just a technical signal. It is also a psychological one, igniting confidence among traders and investors.
Prices often behave like rivers; once they find a path, momentum carves through resistance with force. This technical setup unfolds at the same time as Grayscale’s major announcement. The firm, known for managing over $35 billion in assets, has introduced two new trusts: the DeepBook Trust and the Walrus Trust. Each one focuses on a single token, offering investors targeted exposure. For WAL, the timing feels almost poetic, aligning market structure with institutional recognition.
Why Grayscale’s Move Matters
When a giant like Grayscale steps in, ripples spread fast. The Walrus Trust gives accredited investors a direct way to gain exposure, which could increase demand for the token. While no guarantee exists that the trust will trade publicly, the backing alone signals recognition. It paints WAL as more than a speculative play. Mysten Labs, the team behind Sui, views this moment as crucial.
Words like those resonate because they point to belief in real adoption, not just short-term hype. DeepBook and Walrus together serve as the engine room of Sui, providing liquidity and data storage that every blockchain network requires. Of course, risks remain. Grayscale itself warns about volatility and potential technical issues. Tokens like WAL, ranked 168th by market capitalization, often move with wild swings.
Current price hovers around $0.40, down 3% in a single day. That kind of turbulence tests investor conviction, yet it also creates opportunity for those willing to take calculated risks. On one side, the chart whispers of a breakout. On the other hand, institutional players like Grayscale add legitimacy. Together, these forces could push WAL toward a new chapter, where resistance transforms into a launchpad rather than a ceiling.