Worldcoin/Tether (WLDUSDT) Market Overview

• • WLDUSDT opened at 1.513, reached a high of 1.634, and closed at 1.606, forming a bullish reversal pattern near 1.600.
• • Momentum accelerated in the last 6 hours, with RSI peaking near 61 and MACD showing positive divergence.
• • Volatility expanded significantly in the 21:00–3:00 ET window, with Bollinger Band widening and turnover rising 200% compared to earlier periods.
• • Total 24-hour volume: 64,042,944.9; total turnover: 97,646,312.96; no major bearish divergence detected.

Worldcoin/Tether (WLDUSDT) opened at 1.513 on 2025-09-17 at 12:00 ET and rose to a high of 1.634 before closing at 1.606 on 2025-09-18 at 12:00 ET. Total 24-hour volume was 64,042,944.9, with turnover reaching $97,646,312.96. Price action showed a strong upward bias, with key resistance forming near 1.634 and support at 1.580.

Structure and formations revealed a bullish engulfing pattern near 1.600, with price breaking above the 1.595–1.602 consolidation range. A doji formed at 1.603 in the early morning, suggesting indecision after a strong rally. Key support levels at 1.590 and 1.575 held for most of the session, with a possible second support at 1.560 if further downward movement occurs.

The 15-minute chart saw the 20-period and 50-period moving averages aligning closely, with price consistently above both lines. The 50-period MA crossed the 20-period MA to the upside at 1.595, signaling a bullish crossover. Daily MA lines at 50, 100, and 200 were all supportive of the upward move, with price above all three.

MACD showed a positive divergence as the histogram expanded despite a moderate RSI reading of 61, indicating strong momentum. RSI remained well above 50, with no signs of overbought conditions, though a pullback to 55–60 would be welcomed for further consolidation. Bollinger Bands widened from 1.590 to 1.612 in the late session, signaling increased volatility and potential continuation of the bullish phase.

Volume spiked significantly during the 21:00–3:00 ET period, with turnover rising by over 200% compared to earlier hours. This volume confirmed the price move above key resistance at 1.610 and suggested strong institutional or large-cap involvement. No major price-volume divergence was observed, which is a positive sign for continuation.

Fibonacci retracement levels applied to the 1.580–1.634 move identified key targets at 1.612 (38.2%) and 1.597 (61.8%), with 1.634 being a potential near-term ceiling. Price found support at the 61.8% level before rebounding, indicating potential consolidation ahead.

Backtest Hypothesis

The provided backtesting strategy focuses on a trend-following approach, entering long positions when price closes above the 50-period MA on the 15-minute chart, confirmed by a bullish engulfing pattern. Stop-loss is placed at the nearest Fibonacci support level, with take-profit aligned with the 38.2% retracement level.

Based on the observed action today, this strategy would have triggered a long entry near 1.600, with stops at 1.590 and take-profit at 1.612. The volume confirmation and MACD divergence support the validity of the pattern, suggesting a high probability of the target being reached within the next 24–48 hours.