Market Overview: Worldcoin/Tether (WLDUSDT) 24-Hour Analysis as of 2025-09-23

• WLDUSDT traded between $1.304 and $1.406, closing at $1.350 from an opening of $1.309
• Volatility spiked after a bullish breakout to $1.406, followed by a sharp pullback
• RSI showed overbought conditions early in the session, signaling potential profit-taking
• Volume surged during the breakout before declining, suggesting temporary momentum
• Fibonacci levels indicate a potential consolidation phase around the 61.8% retracement

Worldcoin/Tether (WLDUSDT) opened at $1.309 on September 22, 2025, at 12:00 ET and closed at $1.350 by the same time on the following day. The pair surged to an intraday high of $1.406 and hit a low of $1.304, demonstrating significant intraday volatility. Total volume over the 24-hour period was approximately 35,408,454.8 units, with a notional turnover of $49,087,000 (calculated from the provided amounts and prices).

The 15-minute chart shows a strong bullish move beginning at 23:45 ET, with a high of $1.403 followed by a sharp pullback. This move coincided with a high-volume spike, confirming short-term momentum. The price then tested key support levels at $1.350–$1.353 multiple times. A strong bearish reversal pattern emerged around 00:15 ET on the 23rd, with a large bearish candle confirming a shift in sentiment.

Bollinger Bands expanded during the breakout, indicating heightened volatility, and the price settled just below the upper band before retracing. The 20-period and 50-period moving averages on the 15-minute chart remained bullish, but the 50-period line began to slope downward as the price declined. On a daily scale, the 50, 100, and 200-period moving averages are likely aligned in a bullish configuration, although this was not explicitly visible in the 15-minute data.

The RSI reached overbought levels early in the session, peaking at around 70, which suggested potential for a pullback or profit-taking. After the sharp correction, it dropped below 50, indicating weakening momentum. The MACD showed a strong positive divergence during the breakout but lost strength as the price corrected. Volume and turnover closely aligned during the breakout phase, but a divergence emerged after the reversal, with volume declining despite continued price action.

Fibonacci retracements on the key 15-minute swing from $1.304 to $1.406 indicate key levels to watch. The 61.8% retracement is at approximately $1.352, which aligns with a strong support cluster observed in recent price behavior. This suggests a potential consolidation zone ahead. On the daily chart, Fibonacci levels from recent major swings are likely to be similar and reinforce the current support structure.

Backtest Hypothesis: A potential backtesting strategy involves entering a long position on a bullish breakout above the 1.370 level, confirmed by a closing candle above this level with increased volume. A stop loss could be placed just below the previous support at 1.345, with a target at 1.400–1.420. This strategy could be enhanced by incorporating RSI as a filter, ensuring it does not exceed 70 at entry. Given the recent volatility, this setup has shown potential but requires careful monitoring for false breakouts.