Walrus Protocol Launches Mainnet with $140M Funding on March 27, 2025
- Mainnet Launch Milestone: Walrus Protocol successfully launched its mainnet on March 27, 2025, securing $140 million in funding, which positions it as a significant player in decentralized data storage and may profoundly impact the Sui ecosystem.
- Positive Market Reception: Following the mainnet launch, the native token $WAL received a warm welcome on trading platforms, with volume spikes indicating strong investor interest, potentially laying the groundwork for future price growth.
- Strategic Personnel Appointment: The Walrus Foundation appointed Rebecca Simmonds as Managing Executive, and while her specific industry background remains unclear, this move is seen as a crucial step in strengthening the team and could drive further project development.
- Technological Innovation Advantage: By offering verifiable data storage solutions, particularly for AI and media applications, Walrus Protocol fills a gap left by existing decentralized storage solutions, which is expected to enhance demand for governance and staking tokens, aligning with decentralization trends.
Get Real-Time Alerts for Any Crypto Movement
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
About the author
