Market Overview for Worldcoin/Tether (WLDUSDT)

Summary
• WLDUSDT tested and retested 0.49–0.495 resistance clusters, failing to break decisively.
• Volume surged during 19:00–20:30 ET with bullish momentum, but reversed sharply afterward.
• RSI remains in neutral to bearish territory, with no overbought signs observed.
• Price remained within Bollinger Bands, with volatility contracting in late trading.

Worldcoin/Tether (WLDUSDT) opened at 0.4885 on 2025-12-23 12:00 ET and closed at 0.4850 by 12:00 ET 2025-12-24. The 24-hour high was 0.5019, and the low was 0.4773. Total volume reached 6.47 million, with a notional turnover of approximately $3.22 million.

Structure & Formations

Price remained within a 0.4773–0.5019 range for the 24-hour period, forming a descending wedge structure during the final 6 hours. A bearish engulfing pattern emerged at the 23:45–00:00 ET transition, signaling short-term weakness. The key support level at 0.485–0.4875 was retested twice, most recently at 06:30 ET, with mixed results. No strong reversal patterns have emerged near the key 0.49–0.495 cluster, which has shown repeated rejection over the past 12 hours.

Moving Averages

On the 5-minute chart, price closed below both the 20-period and 50-period moving averages, indicating a bearish bias.

The 20-period MA (0.4915) is below the 50-period MA (0.4931), reinforcing a short-term downtrend. On the daily chart, the 50-period MA (0.496) is slightly above the 100-period (0.4945), suggesting a more neutral to slightly bullish tone on a broader time frame.

Momentum Indicators

The MACD line turned negative after 19:00 ET, confirming bearish momentum. RSI has remained in the 40–60 range, indicating a lack of strong directional momentum and no overbought or oversold extremes. A bearish crossover in the MACD histogram has emerged in the last 3 hours, suggesting continued downward inertia.

Bollinger Bands

Volatility expanded significantly from 18:45 to 20:15 ET as price moved between the outer bands. Since 01:00 ET, volatility has contracted, and price has remained within the Bollinger Band range. The current mid-band sits at 0.4895, with price comfortably below it, suggesting a potential continuation of the downward trend.

Volume & Turnover

Volume spiked at 18:45 ET with a high of 488,952.5 units, coinciding with a strong rally toward 0.4968. The rally was followed by a sharp selloff and increased volume again at 22:15–23:30 ET, as price moved below 0.492. A volume divergence appears at the 0.492–0.496 range, where price made higher highs but with declining volume, indicating weakening bullish conviction.

Fibonacci Retracements

Key Fibonacci levels from the 0.485–0.496 swing show 0.4885 (38.2%) and 0.4875 (50%) as potential support. The most recent price action appears to be targeting the 0.485–0.4875 range (61.8% to 78.6% of the prior rally), where it has stalled. A breakdown below 0.485 would likely target the 0.480–0.477 support zone.

Looking ahead, price may test the 0.485 level over the next 24 hours, with the potential for a deeper correction if this level fails. Investors should monitor the 0.49–0.495 range for any signs of renewed buying pressure. As always, sudden news or macro shifts could disrupt the current trend.