Market Overview for Worldcoin/Tether (WLDUSDT) – 2026-01-02

Summary
• Price surged from 0.5053 to 0.5499 with 5.73% gain, forming bullish engulfing patterns around 0.52–0.54.
• Strong volume confirmed the rally with 24-hour turnover hitting $2.68M and 13.8M contracts traded.
• RSI reached overbought territory while MACD remained positive, suggesting extended momentum may consolidate.
• Price broke above 0.525–0.535 resistance with Bollinger Bands widening, reflecting heightened volatility.
• Fibonacci retracements indicate potential pullback to 0.534–0.538 before testing 0.550–0.555 next level.

Worldcoin/Tether (WLDUSDT) opened at 0.5053 on January 1, 2026 (12:00 ET − 1), reached a high of 0.5499, and closed at 0.5499 by 12:00 ET. The low for the period was 0.5044. Total volume traded was 13.8M contracts, with a notional turnover of $2.68M.

Structure & Formations

The 24-hour chart exhibited a strong upward trend, with a clear bullish engulfing pattern forming around the 0.52–0.54 level. Price action broke above a key resistance cluster near 0.525–0.535, with the 0.53–0.54 range acting as immediate support after the breakout. A doji was observed at 0.537–0.538 during the afternoon, suggesting a potential pause in momentum.

Moving Averages

Short-term moving averages (20/50-period on 5-min chart) trended sharply upwards, confirming the rally. On the daily chart, the 50- and 100-period MAs appear to be converging near 0.53–0.535, potentially setting up for a continuation if price remains above this level.

MACD & RSI

The MACD showed strong positive momentum, with the histogram widening during the morning and afternoon push to new highs. RSI reached overbought levels in the 70–75 range around 16:00–17:00 ET, signaling a potential short-term correction. However, the bullish momentum remains intact unless RSI closes below 60.

Bollinger Bands

Volatility expanded throughout the day, with Bollinger Bands widening as price surged. The high of 0.5499 closed near the upper band, suggesting stretched conditions. A pullback toward the mid-band at 0.538–0.543 could be expected before the next upside move.

Volume & Turnover

Volume spiked to over 1.3M contracts at 12:45 ET and 15:45 ET, coinciding with key breakouts. Notional turnover mirrored this, peaking at $729k and $655k respectively. No significant divergence was observed between price and volume, indicating conviction behind the move.

Fibonacci Retracements

Applying Fibonacci to the 0.52–0.5499 move, the 61.8% level sits at 0.538–0.539, where price stalled slightly. A retest of this level could offer a key decision point. The 78.6% retracement at ~0.545 is now in play, with a potential target toward 0.550–0.555 on the next leg up.

Worldcoin/Tether has shown robust upward momentum, with price and volume confirming a strong breakout above key resistance. A short-term pullback to 0.534–0.538 could provide a reentry point. However, investors should remain cautious of a potential consolidation phase if RSI fails to hold above 60.