Worldcoin/Tether (WLDUSDT) Market Overview: 24-Hour Technical Breakdown

• Price dipped to 0.91 after a sharp sell-off but shows early recovery signs near 0.916–0.918.
• Momentum has weakened since 0.931, with RSI below 40 suggesting potential oversold conditions.
• Volatility remains elevated, with Bollinger Bands showing recent expansion and price near the lower band.
• Volume spiked during the 19:30–21:00 ET sell-off, but has since declined, suggesting waning pressure.
• A bullish breakout above 0.922 may signal retesting of prior resistance from 0.931–0.933.

Worldcoin/Tether (WLDUSDT) opened at 0.949 on 2025-10-11 at 12:00 ET, touched a high of 0.998 and a low of 0.888 before closing at 0.908 on 2025-10-12 at 12:00 ET. Total volume over the 24-hour window reached 10,982,568.1, with a notional turnover of approximately $9,963,133. The price action reflects a strong bearish bias followed by a tentative consolidation.

Structure & Formations

The price of WLDUSDT formed a bearish breakdown from key resistance levels between 0.931 and 0.933, with a sharp selloff from 0.932 to 0.899 occurring over four 15-minute intervals. This was followed by a consolidation phase around 0.905–0.91, where the price formed a bullish pennant pattern between 0.908 and 0.916. The 0.916–0.918 range appears to be a short-term support cluster, with a potential reversal or breakout expected if this area holds.

A significant bearish engulfing pattern was visible on the 19:30–19:45 ET candle, closing at 0.912 after opening at 0.915. This was followed by a long lower shadow on the next candle, signaling possible rejection of the lower range. A key support level appears at 0.91, with 0.906 and 0.903 as further short-term levels to watch.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages indicate a bearish bias as of the close at 0.908. Both are below the current price, suggesting that short-term momentum remains bearish. On the daily chart, the 50-day moving average is at 0.922, placing the 24-hour close well below the mean. The 100-day and 200-day averages are at 0.932 and 0.944, respectively, reinforcing the idea that the price remains significantly oversold relative to longer-term trends.

MACD & RSI

The MACD on the 15-minute chart has turned negative after a bearish crossover, with a negative histogram indicating bearish momentum. The RSI has dipped below 40, entering oversold territory, suggesting that a bounce could be imminent. However, the RSI has not formed a clear bottom, and without a bullish crossover in the MACD, it is uncertain whether the move higher is sustainable.

On the daily chart, the RSI is near 30, indicating that WLDUSDT is trading at a multi-day low and may be due for a correction. However, given the recent bearish trend, any rally may be short-lived unless accompanied by a significant volume spike.

Backtest Hypothesis

Given the current technical setup, a backtest could be constructed around a reversal strategy that enters long positions when WLDUSDT breaks above 0.916 on rising volume and exits when the RSI exceeds 50 or a bearish candlestick pattern forms. A stop-loss could be placed just below the 0.906–0.908 consolidation zone, with a take-profit target at 0.922–0.925, where prior resistance may offer initial resistance. This approach would aim to capture a potential bounce from oversold levels while managing risk in a volatile market. A trailing stop could be implemented after the price moves 1.5% higher to protect gains.