2026-01-22 04:24:08

Recently, people entering the altcoin market are feeling a bit anxious. Bitcoin is celebrating alone, holding steady above $95,000, with its market dominance rising to 59%. This is what the industry calls the "vampire effect"—money pouring into Bitcoin while altcoins collectively bleed out. WAL of course cannot escape this fate; in such a big environment, talking about independent market trends is too naive.

So where is WAL's way out? In the short term, it needs to survive by repeatedly trading within a certain range, digesting the floating supply. From a technical perspective, $0.130-$0.140 is the support level, with resistance at $0.160-$0.165. Before Bitcoin turns around, instead of obsessing over the direction, it’s better to trade between support and resistance, buying low and selling high to be more practical.

Looking at a longer cycle, WAL needs to stand on its own story—a decentralized infrastructure providing cheap storage for AI and media. This setup is promising; it claims to have storage costs 80-100 times cheaper than similar projects and has received $140 million in backing from top institutions like a16z. But stories ultimately need to be proven with data. What can truly save it is whether the fundamentals can be realized.

BTC0,86%

WAL-0,78%

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wrekt_but_learning

· 12h ago

This wave of Bitcoin bloodsucking is indeed fierce, while altcoins are lying flat... WAL is repeatedly struggling in the 0.130-0.140 range. Instead of waiting for the story to unfold, it's more practical to do some swing trading first.

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MetaverseVagabond

· 12h ago

I'm tired of the "Bitcoin bloodsucking" phrase. WAL keeps testing the 0.13-0.14 range repeatedly, which looks really uncomfortable. The backing from a16z sounds impressive, but where's the data? --- The term "bloodsucking effect" is very fitting. Altcoins are now just waiting passively for Bitcoin to turn around. --- WAL should just do short-term swings. There’s no such thing as a truly independent market. Instead of stressing over it, better to buy low and sell high to make quick money. --- No matter how good the story sounds, it’s all pointless if the fundamentals don’t materialize. a16z has invested in many projects; they all need to survive well. --- That 0.13 level must be held, or else losses will deepen. Without Bitcoin turning around, all altcoins are pointless. --- Storage costs are 80 times cheaper? That number sounds like a pyramid scheme. We need to see real user data with actual money involved. --- Many who are entering altcoins now probably have some regrets. For WAL to turn things around, it depends on whether it can convert a16z’s investment into real applications. Just having a story is too虚.

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LiquidityHunter

· 12h ago

Liquidity gap between 0.130 and 0.140 is quite interesting. I ran a DEX data scan early this morning. --- 59% of Bitcoin market cap... The slippage data for altcoins under this bloodsucking effect is heartbreaking. --- Wait, what is the trading pair depth in the resistance zone of $0.160-$0.165? This determines how much arbitrage space there is. --- a16z endorses a $140 million investment, but what about the fundamentals? Is storage cost really 80 times cheaper? This is what can save WAL. --- Talking about buying low and selling high sounds easy, but in practice, it depends on liquidity. A slip-up can eat into profits. --- Breaking the $0.130 support is the key. Once it breaks and liquidity flows back, the opportunity is here.

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PumpAnalyst

· 12h ago

I looked at this analysis, and honestly, BTC absorption indeed hasn't escaped, but can WAL really keep repeatedly cutting leeks between 0.13-0.14? I doubt it. A16z endorsement sounds impressive, but if the fundamentals don't materialize, it's just empty talk. I've seen this routine too many times. It's called a swing in a nice way, but in a harsh way, it's just waiting for the whales to dump. Everyone, be cautious. Storage costs are 80 times cheaper? Then why is the market still dead? I believe the data, but the story, I just lol. Anyway, I'm on the sidelines, not rushing into this muddy water to avoid being cut. Short-term volatility isn't meaningful; the real test is when the fundamentals will actually materialize. Will the whales let 0.16 be so easily broken? I don't think so.

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