Market Overview for Wormhole/Tether (WUSDT): 24-Hour Technical Summary

Summary
• Price found key resistance at 0.038, failing to break above for most of the day.
• Late-night volatility pushed WUSDT to a 24-hour low near 0.0372 before a partial rebound.
• Volume surged during the 19:30–20:30 ET window, aligning with a sharp bearish move.
• MACD remained bearish, with RSI hovering near oversold levels after the 0.0373 dip.
• Bollinger Bands showed a slight contraction mid-day, followed by a sharp expansion during the downturn.

Market Overview

Wormhole/Tether (WUSDT) opened at 0.0377 on 2026-01-07 12:00 ET, hit a high of 0.0380, a low of 0.0372, and closed at 0.0373 on 2026-01-08 12:00 ET. Total volume reached 16.1 million, while notional turnover stood at $608,406, reflecting uneven price action across the 24-hour period.

Structure & Key Levels

WUSDT tested the 0.0380 resistance multiple times during the afternoon and early evening, but failed to close above, signaling a potential short-term ceiling. A bearish engulfing pattern formed at 19:30 ET, preceding a sharp drop to 0.0373, which may now serve as a key support level. The 0.0376–0.0378 range appears to be a consolidation zone, with mixed candlestick bodies indicating indecision among traders.

Momentum and Volatility

MACD remained in negative territory throughout the period, reinforcing the bearish bias. RSI dipped to oversold territory around 0.0373 before a modest rebound, suggesting a potential short-term bounce. Bollinger Bands showed a contraction during the early morning hours but expanded significantly after the sell-off, indicating rising volatility.

Volume and Turnover Insights

Trading volume spiked at 19:30–20:30 ET, coinciding with a sharp price decline. Turnover increased in tandem, confirming the move lower rather than suggesting divergence. The late-night session saw a drop in volume despite the price falling further, which could imply exhaustion in the short-term bearish momentum.

Looking ahead, WUSDT may test the 0.0373 support level again, with a potential rebound into the 0.0376–0.0378 range. A break below 0.0373 could lead to a retest of prior lows, while a recovery above 0.0380 would signal renewed buyer interest. Investors should remain cautious ahead of potential cross-chain activity or broader crypto market shifts.