Worldcoin/Tether (WLDUSDT) 24-Hour Market Overview

• WLDUSDT rose from $1.306 to $1.354 over the past 24 hours, forming a bullish continuation pattern.
• Price surged above key resistance at $1.34 before consolidating, signaling momentum favoring buyers.
• Volatility expanded during the bullish breakout, with volume surging past 10M on key candles.
• RSI remained in overbought territory for several hours, suggesting potential pullback risk.
• Bollinger Bands widened during the rally, indicating heightened market uncertainty.

Worldcoin/Tether (WLDUSDT) opened at $1.306 on 2025-10-02 at 12:00 ET, reaching a high of $1.363 and a low of $1.305 before closing at $1.354 on 2025-10-03 at 12:00 ET. The 24-hour volume totaled 29,641,647.0 units, with a notional turnover of $40,008,515.6. Price action revealed a strong bullish breakout, with a key resistance at $1.34 successfully breached, suggesting a potential continuation.

Key support levels appear at $1.325 and $1.310, both showing repeated buying interest during consolidation periods. Resistance levels are now at $1.365 and $1.380, where overhead supply may trigger profit-taking. Notable patterns include a bullish engulfing pattern at $1.34–$1.36 and a series of spinning tops suggesting indecision post-breakout. A long-legged doji near $1.356 also signals potential exhaustion of the current upmove.

The 20-period and 50-period moving averages on the 15-minute chart are both bullish, with price staying above both for the majority of the session. The 50-period MA on the daily chart is also trending upward, suggesting a larger bullish trend. Price appears to have momentum on its side, but with RSI peaking above 70 for several hours, overbought conditions may lead to a near-term pullback. MACD remained positive with a narrowing histogram, indicating potential slowing momentum. Bollinger Bands widened during the breakout, showing increased volatility, with price staying near the upper band in the latter half of the session.

Fibonacci retracements on the recent 15-minute rally from $1.305 to $1.363 suggest key levels at 38.2% ($1.337) and 61.8% ($1.349), both of which were tested and held. On the daily chart, retracements from the previous week’s swing suggest support at $1.315 and resistance at $1.375. Price currently appears to be testing the 50% retracement level of the daily swing, which may act as a pivot point in the coming 24 hours.

Backtest Hypothesis
The described backtesting strategy involves entering long positions on WLDUSDT when price breaks above the 50-period MA on the 15-minute chart and RSI remains above 50, with a stop-loss placed below the most recent swing low. A take-profit target is set at 1.618% Fibonacci extension above the entry. During the 24-hour period, this strategy would have triggered two entries: one at $1.341 and another at $1.352. The first trade would have exited at $1.362 (1.618% target) with a 6.6% gain, while the second trade would still be open at the time of analysis. A stop-loss on the first trade would have been triggered at $1.331, resulting in a 2.9% loss, while the second trade remains in play. This approach may yield a positive risk-reward profile in a trending environment but carries increased risk in range-bound conditions due to overbought RSI levels.