Market Overview for Wormhole/Tether (WUSDT) – 24-Hour Analysis

Summary
• Price broke above key resistance at 0.036 with a bullish engulfing pattern near 0.0361–0.0362.
• RSI surged into overbought territory, suggesting potential short-term profit-taking.
• Volatility expanded through Bollinger Bands, with closing prices lingering near the upper band.
• Volume increased by ~45% during the final 6 hours of the 24-hour window, confirming strength.
• A 61.8% Fibonacci retracement level at 0.0365 may now act as near-term resistance.

Wormhole/Tether (WUSDT) opened at 0.0352 on 2025-12-15 at 12:00 ET, reached a high of 0.0372, a low of 0.0349, and closed at 0.0367 on 2025-12-16 at 12:00 ET. Total volume was 101,166,123.9 and notional turnover was approximately $3,662,813.

Structure and Formations

WUSDT formed a bullish engulfing pattern near 0.0361–0.0362, signaling a potential reversal in sentiment. A key resistance level at 0.036 was tested multiple times during the day, with the price eventually breaking above it. The 0.0365–0.0368 range appears to be a new psychological barrier, and a failure to hold above 0.0361 could invite retesting of the 0.0358 support level.

Moving Averages

The 5-minute 20-period and 50-period moving averages trended higher, confirming the uptrend. On the daily chart, the 50-period MA is slightly above the 100-period MA, indicating a mixed but cautiously bullish bias.

Momentum and Volatility

Relative Strength Index (RSI) surged into overbought territory above 70 during the final hours, hinting at a potential pullback or consolidation phase. Bollinger Bands expanded as volatility increased, with prices lingering near the upper band. This suggests elevated bullish momentum, but also raises the possibility of a near-term reversal or consolidation.

Volume and Turnover

Volume spiked significantly in the final 6 hours of the 24-hour window, especially during the 0.0362–0.0368 range, confirming the strength of the move. Notional turnover aligned with price action, showing no divergences that would suggest a potential breakdown.

Fibonacci Retracements

Applying Fibonacci to the recent 0.0349–0.0372 swing, the 61.8% retracement level is at 0.0365. Price has tested this level and could face resistance there in the next 24 hours. A break above 0.0368 would open the next Fibonacci target at 0.0370.

Looking ahead, WUSDT may consolidate around 0.0365–0.0368 or push higher if bullish momentum continues.

Traders should monitor volume and RSI for signs of exhaustion or confirmation. A breakdown below 0.0361 could increase short-term bearish risk.