Walrus Tests Critical Support as Mainnet Launch Funding Fails to Stem 25% Monthly Slide
Walrus (WAL) drops 25.16% monthly despite $140M mainnet funding, market structure shifts lower. Technical indicators flash oversold, RSI at 34.82 daily. Support at $0.116 tested repeatedly. Prediction market partnership news provides minimal relief. Traders wonder if heavily oversold conditions and ecosystem developments will provide a floor or if WAL needs to drop lower.