Market Overview for Worldcoin/Tether (WLDUSDT)

Summary
• Price surged past 0.5700, breaking above prior resistance with bullish engulfing patterns around 0.5650.
• RSI surged into overbought territory near 0.5800, suggesting potential pullback, but volume confirms strength.
• Bollinger Bands widened significantly as volatility spiked, with price trading near the upper band at close.
• Turnover hit ~$1.18M at 17:00 ET, aligning with a 0.5975 high, signaling strong conviction.
• 50-period MA on 5-min chart crossed above 20-period MA near 0.5680, reinforcing short-term bullish bias.

Worldcoin/Tether (WLDUSDT) opened at 0.5451 on 2026-01-02 12:00 ET, reached a high of 0.5975, a low of 0.5430, and closed at 0.5916 as of 2026-01-03 12:00 ET. Total volume amounted to 10.7 million tokens, with a notional turnover of ~$5.98 million over 24 hours.

Structure & Moving Averages

The price showed a decisive bullish breakout above 0.5700, forming multiple bullish engulfing patterns in the 0.5650–0.5675 range. The 20-period moving average crossed above the 50-period MA around 0.5680, signaling short-term bullish momentum. On the daily chart, the 50-period MA is approaching the 61.8% Fibonacci retracement level of the recent swing low, suggesting a potential consolidation area ahead.

Momentum and Volatility

Relative Strength Index (RSI) surged into overbought territory near 75 during the 16:45–17:00 ET rally, suggesting potential near-term pullback. However, volume remained robust during these highs, indicating conviction behind the rally. Bollinger Bands expanded significantly during the day, with price closing near the upper band, signaling increased volatility and potential continuation.

Volume and Turnover

Volume and turnover spiked notably at 17:00 ET when the price reached 0.5975, aligning with the high and confirming strong buying pressure. Notably, volume during the morning consolidation phase was relatively low, suggesting a buildup of momentum prior to the breakout. Price and turnover remained aligned throughout the session, reducing the risk of divergence.

Fibonacci and Retracement Levels

The 61.8% Fibonacci retracement level of the recent downward swing from 0.5975 to 0.5690 is now at approximately 0.5820, which may act as a near-term support/resistance cluster. The 38.2% level at 0.5790 also appears to be acting as a short-term floor.

Worldcoin/Tether appears to have strong momentum above 0.5700, with key resistance near 0.5820–0.5870. A sustained break above 0.5900 could extend the rally, but a pullback to test 0.5700–0.5720 may consolidate gains. Traders should remain cautious about a potential overbought RSI divergence and monitor volume for any signs of exhaustion.