Worldcoin/Tether USDt (WLDUSDT) Market Overview

• Price surged from $1.779 to $1.949, with a final close near $1.887 amid strong volume and momentum.
• RSI surged into overbought territory, hinting at a potential pullback or consolidation phase.
• Bollinger Bands expanded, reflecting heightened volatility and a breakout attempt.
• Volume spiked sharply during the afternoon ET, with notional turnover confirming price strength.
• A bullish engulfing pattern formed late morning, followed by a possible bearish reversal at higher levels.

Worldcoin/Tether USDt (WLDUSDT) opened at $1.779 on 2025-09-09 at 16:00 ET and closed at $1.887 at 12:00 ET on 2025-09-10. The 24-hour high was $1.949, and the low was $1.763. Total volume amounted to 131,278,953.35, with total notional turnover reaching $244,859,925.09.

Structure & Formations

Key support levels appear to be forming around $1.86–$1.88, as the price found buying interest during the late afternoon and evening ET hours. A bearish reversal pattern emerged at $1.949, marked by a long upper wick and a closing price near the session’s low. Earlier in the session, a bullish engulfing pattern confirmed a short-term breakout from the $1.78–$1.80 range. A doji formed near $1.91, signaling indecision and potential consolidation ahead.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both rising, with the price currently above both, suggesting a continuation of the uptrend. The 50-period MA is acting as a dynamic support at around $1.87–$1.88, while the 20-period MA is tracking higher, reinforcing bullish momentum. On the daily chart, the 50-period MA is approaching from below, indicating a possible convergence that may trigger a pullback or a breakout continuation depending on volume.

Backtest Hypothesis

A potential backtesting strategy could be built on the combination of the 20-period and 50-period moving averages as dynamic support levels, paired with RSI readings to identify overbought conditions. A long entry could be triggered when the price crosses above the 20-period MA with RSI above 50, and a short signal could be triggered if the price breaks below the 50-period MA with RSI under 50. This strategy may benefit from placing a stop loss just below key support levels identified near $1.86. Given the recent volatility and volume spikes, this approach could be particularly effective for short-to-medium-term traders seeking to exploit momentum and trend continuation or reversals.

MACD & RSI

The MACD line remains above the signal line, with both lines trending upward and crossing above the zero line, indicating bullish momentum. The histogram is expanding, signaling increasing strength in the uptrend. Meanwhile, the RSI has surged into overbought territory above 70, peaking at 76.5. This suggests a possible near-term pullback or sideways consolidation phase, especially if volume does not confirm continued buying pressure.

Bollinger Bands

Bollinger Bands have expanded significantly, with the price trading near the upper band at $1.949 during the peak of the rally. This indicates a breakout attempt in a high-volatility environment. The middle band is currently around $1.88–$1.89, and the price has pulled back toward it, suggesting a possible retest or consolidation around the 20-period MA before a new direction is taken.

Volume & Turnover

Volume surged during the afternoon ET, peaking with a 15-minute candle on 2025-09-09 at 19:30 ET with $2.85 million in volume. This coincided with a sharp move from $1.81 to $1.86, confirming strong buying pressure. However, during the subsequent pullback, volume and turnover declined, suggesting that the initial momentum may not have been broadly supported. Divergence is evident in the later session as price action continued upward but with diminishing volume, hinting at a potential reversal.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing low of $1.763 and high of $1.949, the 50% retracement level is near $1.856, which the price tested and bounced off during the evening session. The 61.8% level is near $1.868, where the price has recently found support. A retest of the 38.2% level at $1.886 appears likely in the near term. On a daily scale, the 50% level of a larger swing from $1.714 to $1.949 sits at $1.832, which the price is currently above, reinforcing the bullish bias.

Looking ahead, WLDUSDT appears to be in a strong bullish phase, supported by moving averages and confirmed by volume during the breakout. Traders should monitor key resistance near $1.91–$1.92, where the doji and bearish reversal pattern suggest potential selling pressure. A failure to break through that range could trigger a retracement toward $1.86–$1.88. Investors should also watch for a possible overbought RSI divergence and a weakening in volume, both of which could signal a pause in the current rally.