Market Overview for Wormhole/Tether (WUSDT)

Summary
• Price surged to a 24-hour high of 0.0382 before consolidating near 0.0372.
• Volume spiked during the morning ET rally but has since normalized.
• MACD showed bullish divergence while RSI remained in neutral territory.
• A bearish engulfing pattern formed near 0.038, signaling potential reversal risk.
• Price has tested the 0.0370 psychological level multiple times, finding key support.

Wormhole/Tether (WUSDT) opened at 0.0372 on 2026-01-10 12:00 ET, reached a high of 0.0382, a low of 0.0368, and closed at 0.0372 as of 2026-01-11 12:00 ET. Total volume was 10,410,114.6, and notional turnover was 381,362.91.

Structure & Formations

The price formed a key bearish engulfing candle at 0.038–0.0381, suggesting short-term exhaustion after the morning rally. A bullish harami pattern at 0.0372–0.0373 hinted at potential bounce support. Resistance appears to be forming at 0.0377–0.0382, with support likely at 0.0371–0.0369 based on repeated tests and volume clustering.

Moving Averages

On the 5-minute chart, the price crossed above the 20-period MA but struggled near the 50-period MA, suggesting mixed momentum. Daily MAs showed a flattening trend, indicating a lack of strong directional bias in the broader timeframe.

MACD & RSI

MACD lines showed a bullish crossover during the morning push but failed to confirm a strong move above zero. RSI remained within 50–60, indicating no overbought or oversold conditions. The divergence between the bullish MACD and the consolidation in price suggests caution ahead.

Bollinger Bands

Price remained within the Bollinger Band range for most of the period, with a brief expansion during the morning rally. The narrowing of the bands in the afternoon suggested declining volatility, though a breakout attempt near the upper band was unsuccessful.

Volume & Turnover

Volume spiked sharply during the 19:15–19:30 ET rally, confirming the strength of the upward move. However, turnover failed to match the volume levels seen during the previous bearish leg, hinting at potential divergence. Volume has since settled into a lower, more stable range as the price consolidates.

Fibonacci Retracements

The 5-minute swing from 0.0372 to 0.0381 found resistance at the 61.8% retracement level (0.0377), aligning with the consolidation seen. Daily retracements suggested a key support zone around 0.0370–0.0368, which held during a sharp drop in the late afternoon.

The market appears to be consolidating after a brief rally, with a possible test of the 0.0368–0.0370 support zone expected in the next 24 hours. Traders should monitor for a breakdown below 0.0369 as a possible bearish trigger, though a rebound into 0.0374–0.0377 could see renewed buying. Volatility remains moderate, but divergence in momentum indicators suggests caution is warranted.