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.
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.
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.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
