WALUSDT breaks past $0.44 and kicks off Wave 3, aiming for $2–$3 with momentum and clean Elliott structure intact.
After a sharp Wave 2 base at $0.33, WALUSDT now builds higher highs as bulls take full control of the breakout setup.
The 1.618 extension places WALUSDT's next target between $2 and $3, with structure and volume favoring further upside.
Walrus(WAL) has reclaimed bullish momentum after completing Wave 2 of a well-defined Elliott Wave cycle. Price has cleared the critical $0.44 level and is now showing strong continuation signs in the early stages of Wave 3.
The breakout has reignited the uptrend, with structure and volume pointing to further expansion. Wave 1 developed through a textbook diagonal, topping near $0.65 before a measured correction took it back down to $0.33. That pullback has now resolved, setting up the next impulsive phase.
Wave Structure Shows Upward Continuation
The structure remains consistent with bullish trend flow on the daily chart, as $WAL trades at $0.4436, up 8.64% on the session. Price has reclaimed the previous resistance and now uses it as solid support. The pattern reflects strong buyer conviction behind the recent breakout.
Price tested the $0.44 mark repeatedly during consolidation, confirming its importance. The five-wave diagonal seen in Wave 1 built the foundation for the breakout. As volume climbs in parallel with price, bullish continuation appears technically valid.
A recent assessment from market researcher CryptoBullet confirmed the active Elliott Wave formation. Their projections show $WAL reaching $2 to $3 during Wave 3, in line with the 1.618 Fibonacci extension. With no heavy resistance ahead, traders see more room for upside in the current move.
https://twitter.com/CryptoBullet1/status/1944778775087976722
What’s more, bullish interest is rising among momentum traders reacting to the structure’s rhythm. Price continues forming higher highs and stable lows, preserving symmetry and wave proportion. Shallow retracements further strengthen trend stability.
WALUSDT Mimics Ideal Elliott Structure
Of particular interest is the inset chart showing the current pattern compared with a typical leading diagonal. The structure closely mirrors ideal wave alignment, supporting the extended move in Wave 3. All wave metrics remain intact, with volume, angles, and timing reinforcing the pattern.
That said, consolidation zones have not triggered breakdowns. Support levels held firm across pullbacks, ensuring trend continuation without technical failures. Each internal wave maintained healthy depth and proportion, fitting well within the larger framework.
Based on a report by technical researchers, Wave 3 remains the strongest leg within the cycle, while Wave 4 could pause the run. This would set up Wave 5 to carry the price higher, possibly to the $5 range. The $0.44 level remains pivotal for bulls as momentum builds with each new session.
