Sui's Wedge Formation Indicates Possible Breakout in Web3 Data Privacy

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 04 2025

WAL+0.367%

SUI-0.197%

Should l Buy WAL?

Sui/USD Price Analysis: A narrowing wedge pattern in the Sui/USD price chart indicates a potential breakout, with analysts monitoring key levels that could lead to significant price movements, either testing new highs above $20 or dipping to $10 if resistance fails.
Seal Protocol Launch: Mysten Labs has launched the Seal Protocol on the Sui Mainnet, enhancing Web3 data privacy through on-chain encryption, allowing users to control access to their data and marking a significant advancement in decentralized data security.

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Technical Analysis for WAL

Technical Sentiment Analysis for Walrus (WAL) As of , Walrus (WAL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, WAL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Walrus (WAL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0308	0.0495	0.0686	0.0873	0.106	0.125	0.144
Fibonacci	0.0495	0.064	0.0729	0.0873	0.102	0.111	0.125

About WAL

Walrus is a decentralized data storage protocol and application development platform that allows apps to publish, read, and program large data files and rich media content such as videos, images, and audio. Built on Sui, apps on Walrus can manage stored on- and offchain data via Move-based smart contracts. Originally developed by Web3 infrastructure builders Mysten Labs, Walrus represents an evolution in how decentralized data storage works. Walrus is the first storage network to let you store any size of data on chain and at scale. Web3 projects can do more with their data through smart contracts, allowing a broader set of businesses to be built onchain. -Robust & reliable network: Data remains accessible, frictionless, and secure even in a catastrophe -Cost-efficient storage: Builders experience performance and cost dynamics almost on par with web2 solutions -Programmable storage: New use cases unlocked with a native tie between storage and smart contract programmability

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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