Worldcoin/Tether Market Overview

• Price opened at $0.900 and closed at $0.865 after a 24-hour low of $0.859 and a high of $0.910.
• Volatility surged mid-day, with price dropping 8.3% by 20:30 ET before consolidating in the late session.
• Turnover spiked during the sharp decline, with over 2.5 million WLD traded in a 15-minute interval.
• A bearish engulfing pattern formed after the 21:00 ET high, followed by a bearish divergence in price and volume.
• RSI approached oversold territory by 06:00 ET, hinting at a potential short-term bounce.

Worldcoin/Tether (WLDUSDT) opened at $0.900 on October 28, 2025 at 12:00 ET and reached a high of $0.910 before closing at $0.865 at 12:00 ET on October 29. The pair traded a 24-hour low of $0.859, with total volume of 11.6 million WLD and notional turnover of approximately $10.6 million. A sharp bearish move unfolded in the late afternoon before a consolidation phase took hold in the overnight session.

Structure & Formations

The candlestick pattern suggests a bearish shift in sentiment. A strong bearish engulfing candle formed at 21:00 ET after the price reached a high of $0.910. This was followed by a long bearish tail and a series of lower lows, indicating sustained selling pressure. A potential support level appears to be forming near $0.865–0.867, with a previous swing low at $0.867 reinforcing its relevance. A potential resistance level lies at $0.875–0.878, where buyers have previously stalled the downtrend.

Moving Averages

Short-term (15-min) indicators show the price closed below the 50 and 20-period moving averages, reinforcing the bearish trend. On the daily timeframe, the 50-period moving average appears to be acting as a resistance level, while the 200-period line may be a long-term psychological support zone. The price is currently below all three (50, 100, 200) daily moving averages, suggesting a bearish bias remains in place.

MACD & RSI

The MACD line crossed below the signal line during the sharp sell-off, confirming a bearish momentum shift. RSI declined into oversold territory (below 30) by 06:00 ET, which may indicate a short-term bounce is possible. However, without a strong follow-through above the 50-period moving average, this may only serve as a shallow pullback rather than a reversal. The RSI divergence during the sell-off may hint at a potential exhaustion of the bearish move.

Bollinger Bands

Volatility expanded significantly during the late afternoon sell-off, pushing the price to the lower band of the Bollinger Bands. After the consolidation phase, the price moved back toward the center of the bands, indicating a temporary normalization in volatility. The current positioning suggests that the market may be entering a period of consolidation, but without a clear breakout above or below the bands, the direction remains uncertain.

Volume & Turnover

Volume spiked sharply during the sell-off at 20:30 ET, with nearly 2.5 million WLD traded in a single 15-minute interval. The increase in volume was accompanied by a significant drop in price, suggesting a genuine bearish move rather than a false break. In contrast, the consolidation phase from 22:00 ET onward saw lower volume and tighter price ranges, indicating a pause in active selling pressure. A divergence between price and volume emerged in the early morning, hinting that the move lower may be losing steam.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from $0.900 to $0.865, the 23.6% and 38.2% levels appear to be near $0.884 and $0.877, respectively. These levels have already been tested, with resistance at $0.877–0.878 showing signs of strength. The 61.8% retracement level lies near $0.861, which may act as a near-term support target. A break below this could lead to the next potential support at $0.859, where the price found a floor during the overnight session.

Backtest Hypothesis

Given the challenges in obtaining RSI-14 data for WLDUSDT, a backtesting strategy could proceed by either specifying a full exchange symbol (e.g., “BINANCE:WLDUSDT”) for the data provider to locate the asset, shortening the backtest period to the asset’s actual trading history starting in July 2023, or selecting an alternative strategy using available indicators like MACD and Bollinger Bands. A short-term mean-reversion strategy based on RSI-14 and a 50-period moving average may offer strong insights if the data source can be corrected, particularly when applied to the recent pullback near the $0.865 level. For now, a combination of moving average crossovers and volatility-based triggers may serve as a more reliable entry and exit framework in the absence of full RSI data.