Date: Mon, June 09, 2025 | 05:44 PM GMT
The cryptocurrency market has kicked off the new week with an impressive upside move, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. Both assets have climbed over 1.5% — BTC is trading above $108K, while ETH is now at $2,575. The renewed momentum is sparking fresh interest across the altcoin space, including Walrus (WAL).
The $WAL token has bounced back into the green today, and a well-known pattern forming on its chart suggests that further upside could be on the horizon.
Source: Coinmarketcap
Leading Diagonal Pattern in Play
According to prominent crypto analyst @CryptoBullet1, Walrus (WAL) appears to be forming a Leading Diagonal on the daily chart — a bullish Elliott Wave structure that typically occurs in wave 1 of a new uptrend. This pattern consists of five overlapping waves, often seen at the beginning of a strong impulsive rally.
WAL Token Chart/Credits: @CryptoBullet1 (x)
As seen in the chart:
The 1-2-3-4-5 structure has completed the first leg (Wave 1), followed by a corrective pullback (Wave 2).
The correction seems to be bottoming out, with prices currently rebounding from the $0.48 region.
If the pattern plays out, WAL could be starting its Wave 3, historically the most explosive part of the Elliott Wave cycle.
The projected path hints at a significant move that could take WAL towards $1.70 and potentially above $4.20 in the long term — following the completion of all five impulsive waves.
What’s Next for WAL?
If WAL maintains its current momentum and the Leading Diagonal setup continues to unfold, a breakout confirmation could come soon. The next immediate level to watch is $0.55, and a break above that could trigger a rapid Wave 3 surge.
As long as price holds above the $0.46 zone (Wave 2 bottom), the bullish scenario remains valid.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
