Worldcoin/Tether Market Overview

• WLDUSDT opened at $0.973 and closed at $1.006 with a 24-hour high of $1.05 and low of $0.962.
• A bullish recovery emerged after an early-morning pullback, forming a potential bullish continuation pattern.
• Volume and turnover remained elevated during the morning and late afternoon, indicating strong trader interest.
• Price found key support near $0.98–$0.99 and bounced off it multiple times, suggesting psychological relevance.
• Momentum shifted between overbought and oversold RSI conditions, but price remained within the 0.96–1.05 range.

24-Hour Summary and Key Metrics

Worldcoin/Tether (WLDUSDT) opened at $0.973 on October 12, 2025 at 12:00 ET, and closed at $1.006 by the same time the following day. The pair reached a high of $1.05 and a low of $0.962 during the 24-hour window. Total volume amounted to approximately 21,613,790.0 units, while total turnover (notional value) was roughly $21.6 million.

Structure and Price Formation

Price action over the last 24 hours displayed a strong consolidation phase between $0.96–1.05, with multiple tests of key support at $0.98–0.99 and resistance at $1.00–1.02. Notable candlestick patterns included a bullish engulfing formation around 06:45 ET and a bearish harami near 00:15 ET. A long lower shadow at 09:30 ET suggested a rejection of further bearish pressure. These patterns may indicate that the market is finding a balance between bearish and bullish forces, with buyers stepping in around key psychological levels.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period SMAs showed a reversion to the mean, with price oscillating between them. The 50-period line acted as a dynamic support around $0.99–$1.00, and the 20-period line served as a guide for short-term bullish momentum. For daily timeframe analysis, the 50- and 200-period SMAs were closely aligned, suggesting a sideways bias with limited directional momentum.

Momentum, as observed through the MACD, showed alternating bullish and bearish divergences. The MACD line crossed the signal line twice, signaling potential trend changes. A short bearish divergence appeared around 12:30 ET, while a later bullish divergence suggested a reversal might be in play. However, without RSI data, it is harder to confirm the strength of these divergences.

Volatility, Volume, and Turnover

Volatility expanded during key turning points—particularly around 06:45 ET when the 15-minute candle closed at $1.003 after a high of $1.015. Volume surged to over 2.6 million units, suggesting aggressive participation. Similarly, a sharp volume spike of 3.7 million units at 13:45 ET coincided with a $1.005 close, reinforcing the strength of the rebound. Turnover remained in sync with volume, with no major price-turnover divergences detected. This consistency implies that price moves were supported by genuine trading activity.

Bollinger Bands and Fibonacci Levels

Price remained within the Bollinger Bands for most of the 24-hour period, with a brief expansion around 06:45 ET. During this expansion, price touched the upper band and then retracted, indicating a momentary overbought condition. Fibonacci retracement levels on the 15-minute chart highlighted 61.8% retracement near $1.003 and 38.2% retracement near $0.99. These levels corresponded closely with observed support and resistance, suggesting that traders were using technical levels to guide decisions.

Backtest Hypothesis

A potential backtesting strategy could involve using RSI thresholds (30/70) to identify oversold and overbought conditions in conjunction with the observed 15-minute candlestick patterns and moving average crossovers. Given the frequent oscillation of WLDUSDT between these RSI levels and the strong support at $0.98–$0.99, a long-biased entry strategy on RSI dips below 30, combined with confirmation via bullish candlestick patterns and a positive MACD crossover, may offer a viable approach. For short-term traders, this could provide a structured way to capture momentum swings within the defined range. To proceed, we need the correct symbol format and RSI thresholds as detailed in the strategy description.