Many people see $WAL as just a meme coin, but that is a serious misconception. Opening up the project background reveals that it plays a quite important infrastructure role within the SUI ecosystem.

The recent volume breakout of the 'big bullish candle' could not have been formed without genuine institutional capital support. This indirectly confirms that large funds are quietly positioning themselves in this sector.

Looking at the current trend, the price has already fallen back to around 0.1526, entering a stage of repeated confirmation at a key support level. I observed several major moving averages—MA25 and MA99—both forming a golden cross below, which is a typical bullish signal. The RSI indicator has moved from the overbought zone back to a normal level around 60, indicating that market sentiment is becoming more rational.

This is not the end of the upward trend; rather, it resembles a strong shakeout process. The goal is very clear: to shake off those retail investors who are not sufficiently committed.

In the short term, the trading strategy is actually quite simple. As long as the support from the moving averages below is not effectively broken, each pullback is an opportunity to add positions. This is a classic pattern of volume breakout followed by a volume contraction during a pullback; the technical signals have already been given, and now it’s just a matter of time to see how it unfolds. The SUI ecosystem continues to gain popularity, and related ecosystem tokens are worth paying attention to.