Market Overview for Wormhole/Tether (WUSDT)

Summary
• Price action formed a bullish harami near key support at 0.0344, indicating a potential reversal.
• Momentum improved with RSI rebounding above 50, suggesting short-term buying pressure.
• Volume remained mixed, with strong volume spikes during key breakouts and consolidation periods.
• Bollinger Bands showed a modest expansion, reflecting increased volatility in the final hours.
• A 61.8% Fibonacci retracement level at 0.0348 may serve as short-term resistance on the 5-min chart.

Wormhole/Tether (WUSDT) opened at 0.0348 on 2025-12-19 at 12:00 ET, reached a high of 0.0357, and a low of 0.0342, closing at 0.0345 on 2025-12-20 at 12:00 ET. Total volume was 52,232,641.7, with a notional turnover of $1,814,896.8.

Structure and Key Levels

Price action over the 24-hour period showed a consolidation pattern after a sharp rally from 0.0344 to 0.0357. A key support level appears to have formed near 0.0344–0.0345, reinforced by a bullish harami and a double bottom formation.

Resistance is clustered around 0.0348 and 0.0353, with the 0.0357 level acting as a recent overbought area.

Technical Indicators

The RSI rebounded above 50, reflecting a short-term shift in sentiment toward buyers. MACD showed a positive crossover, suggesting continued upward momentum, though the histogram remained compressed. Bollinger Bands widened in the last 6 hours, indicating increased volatility and a potential breakout attempt.

Volatility and Volume

Volatility increased in the latter half of the day, especially between 19:30 and 20:30 ET, as the price surged to 0.0353. This period saw volumes spike above 1 million, reinforcing the breakout. However, volume dropped off during the final hour of the 24-hour period, suggesting a possible pause in trading activity ahead of the next session.

Fibonacci and Retracements

Fibonacci levels on the 5-minute chart show the 61.8% retracement at 0.0348 acting as a psychological resistance. A break above this level could target the 0.0353–0.0355 range. The daily chart remains in a larger consolidation phase, with no clear Fibonacci structure yet emerging.

The price may test the 0.0348 level again in the next 24 hours, but a break above this could invite further buyers. Investors should watch for confirmation with volume and divergence in momentum indicators to avoid false signals.