Market Overview for Worldcoin/Tether (WLDUSDT) on 2025-11-07

Summary
• WLDUSDT rose from 0.695 to 0.813, closing at 0.813 with 3303873.6 volume.
• Momentum shifted positively around 15:30–16:30 ET with a 6.5% rally.
• Volatility expanded with high-low ranges exceeding 0.07 in key sessions.

Worldcoin/Tether (WLDUSDT) opened at 0.695 on 2025-11-06 at 12:00 ET, reached a high of 0.819, and closed at 0.813 at 12:00 ET on 2025-11-07. The 24-hour volume was 3303873.6, and total turnover amounted to $2.65M. The pair displayed a strong bullish bias, particularly in the late afternoon and early evening, with a broad breakout above key resistance levels.

Structure & Formations

The candlestick pattern revealed a series of bullish engulfing candles beginning around 15:30 ET, confirming a strong reversal from earlier consolidation. A key support level at 0.734–0.736 held during the early decline, while a critical resistance at 0.79–0.80 was decisively broken in the late session. A long upper wick at 16:30 ET suggests initial profit-taking. A doji near 0.79 at 15:45 ET marked a turning point.

Moving Averages

On the 15-minute chart, the price closed above both the 20-period and 50-period moving averages, confirming a short-term bullish bias. On the daily chart, the 50-period MA at ~0.73 and the 200-period MA at ~0.66 both appear to be well behind the current price, indicating a strong uptrend that could continue if volume remains elevated.

MACD & RSI

The MACD crossed above the signal line during the 16:00–17:00 ET session, confirming a bullish momentum shift. RSI reached 68 by 17:00 ET, indicating strong positive momentum but not yet overbought territory. A reading above 50 for the majority of the session further reinforced the bullish bias.

Bollinger Bands

Volatility expanded significantly after 15:30 ET, with the Bollinger Band width reaching its widest point of the day. The price surged beyond the upper band during the peak rally at 16:30 ET, signaling a strong breakout. The lower band hovered around 0.734–0.736 and acted as support earlier in the day.

Volume & Turnover

Volume surged over 2.4M at 17:00 ET, aligning with a sharp 1.4% rally. Notional turnover was consistent with price action, showing no divergence. The largest single 15-minute volume spike (2.4M) occurred at 17:00 ET, confirming price action and suggesting strong institutional or large-cap participation.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level from the 0.734–0.795 swing was at 0.777, which coincided with a key resistance level. On the daily timeframe, the 61.8% retracement of the 0.68–0.819 move is at 0.762–0.770, now acting as a dynamic support/resistance area.

Backtest Hypothesis

Given the recent momentum and confirmation via MACD crossover and bullish candlestick patterns, a backtesting strategy based on Golden-Cross signals could be explored. However, the exact ticker symbol “WLDUSDT” may not be universally recognized across all platforms, potentially affecting data retrieval. Clarifying whether the symbol corresponds to Binance (or another exchange) is essential to ensure accurate historical data and valid backtesting. Once confirmed, a 7-day-holding strategy based on Golden-Cross signals, alongside stop-loss and take-profit rules, could be tested over the 2022–2025 period to evaluate its viability.