Date: Mon, May 19, 2025 | 07:25 PM GMT
After mounting a solid comeback in recent weeks where Ethereum (ETH) climbed to $2,700, the crypto market has once again entered turbulent waters, with ETH now pulling back toward the $2,500 mark, and this wave of volatility is rippling across major altcoins .
Walrus (WAL), one of the notable performers in recent weeks, is also experiencing pressure. After trimming its monthly gains to over 47%, a closer look at its chart reveals a promising setup that may hint at a much bigger move ahead.
Source: Coinmarketcap
WAL Mirrors SOLAYER’s Breakout Setup
In the chart above, the left panel showcases Solayer (LAYER) on the daily timeframe. Back in March, LAYER broke out from a well-defined ascending triangle pattern, flipping a key horizontal resistance around $1.01 into support. After a brief retest, the price exploded by more than 228%, topping out around $3.33 before pulling back.
Now, look at the right panel — this is Walrus (WAL). The structure is strikingly similar.
WAL has also formed an ascending triangle, recently breaking out above its horizontal resistance zone near $0.62. It made a quick move up to a local high of $0.77, followed by a classic retest of the breakout zone — just like LAYER did before its massive rally.
What’s Next for WAL?
If WAL continues to hold above the $0.60–$0.62 support range, history could repeat itself.
If the fractal plays out, WAL could surge toward the $1.80–$1.90 range, mirroring LAYER’s 200%+ rally. This would represent a significant upside and could mark the beginning of a strong bullish trend — especially if confidence returns to the broader market.
However, traders should keep a close eye on ETH’s next move. As ETH controls much of the market sentiment, its recovery (or lack thereof) could heavily influence WAL’s ability to push higher.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before making investment decisions in cryptocurrencies.
