Looking at the 15-minute chart of WAL/USDT, the current market situation is quite interesting——although the decline has stopped in the short term, whether it can truly rebound depends on the trading volume. The bulls and bears are currently in a stalemate.

Starting with the moving averages. MA7 is at 0.1434, MA25 is at 0.1423, and MA99 is high at 0.1456, while the price is stuck at 0.1430. At this level, it’s sandwiched between MA7 and MA25, forming a very tight range. The MA25 acts as a relatively stable short-term support. After dropping to a low of 0.1403 earlier, it rebounded and is now holding this line. Recently, MA7 has also become interesting; it was sliding along with the price but has recently started to flatten out, even showing signs of trying to rise, indicating that the previous downward momentum is indeed easing. But that’s not enough——the long-term MA99 line is horizontal overhead, with the 0.1456 level acting as a tough barrier. To open up upward space, it must break through this resistance.

How about the RSI indicator? RSI9, RSI12, and RSI15 are around 51.4, 51.9, and 51.1 respectively, with all three lines staying above the midline of 50. This signals: in the short term, the bulls have a slight advantage. When the price previously dropped to 0.1403, the RSI also bottomed out, but as the rebound unfolded, the RSI gradually recovered. All these details point in the same direction——the selling pressure from the bears is weakening, but the bulls need to strengthen their attack to gain more momentum.