Wormhole/Tether (WUSDT) Market Overview

• WUSDT declined sharply from 0.1165 to 0.1027 over 24 hours, showing bearish momentum and a strong selloff.
• RSI and MACD suggest oversold conditions, with price near the lower Bollinger Band, indicating potential for a rebound.
• Volatility expanded significantly during the downturn, but recent turnover has declined, suggesting reduced selling pressure.
• Key support appears near 0.1027, with 0.1050–0.1062 as likely near-term resistance.
• Fibonacci levels highlight critical psychological zones at 0.1054 (38.2%) and 0.1074 (61.8%) for potential reversals.

Wormhole/Tether (WUSDT) opened at 0.1162 on 2025-09-21 at 12:00 ET and closed at 0.1027 as of 2025-09-22 at 12:00 ET, recording a low of 0.1016 and a high of 0.1165. The 24-hour volume totaled 63.5 million with a notional turnover of $6.49 million. A sharp bearish trend is evident, with a breakdown below key support levels.

Structure & Formations

Price broke decisively below the 0.1138–0.1141 consolidation range, forming a bearish breakout pattern. A long lower shadow at 0.1016 suggests panic selling at the session low. The 0.1027–0.1051 range now becomes critical as short-term support, with 0.1054 (38.2% retracement) and 0.1074 (61.8% retracement) as potential reversal points. A morning doji at 0.1062 and a bullish harami at 0.1047–0.1053 indicate weakening bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period MA sits at 0.1043 and the 50-period MA at 0.1051, both below current price action, confirming bearish momentum. On a daily basis, the 50-period MA is at 0.1068, the 100-period MA at 0.1082, and the 200-period MA at 0.1095, indicating a deeper bearish bias.

MACD & RSI

The MACD line is negative at -0.0016 with a bearish crossover, and the signal line at -0.0011 suggests bearish momentum. The histogram has shrunk in the latest hours, indicating easing bearish pressure. RSI has dropped to 27, entering oversold territory, suggesting potential for a short-term bounce.

Bollinger Bands

Price is near the lower Bollinger Band (0.1020) with a 20-period standard deviation of 0.0022, indicating high volatility. The band width has widened from 0.0033 to 0.0047, suggesting heightened market uncertainty. A close above the middle band (0.1036) could trigger a rebound.

Volume & Turnover

The highest 15-minute volume spike occurred at 0.1051 (21:15 ET), with 16.17 million traded. Turnover spiked during the 0.1062–0.1083 rally but has since contracted. Price has declined while volume has dropped, suggesting a potential bottoming process.

Fibonacci Retracements

Key Fibonacci levels from the 0.1016–0.1165 swing are 0.1054 (38.2%), 0.1074 (61.8%), and 0.1094 (100%). A test of 0.1054 may offer a short-term rebound opportunity, with 0.1074 acting as a stronger barrier for further bearish breakdowns.

Backtest Hypothesis

A potential backtesting strategy could focus on entries near the 0.1050–0.1062 range, with a stop loss below 0.1027 and a target near 0.1074–0.1086. This approach assumes a bounce from oversold RSI levels and a short-term rebound on Fibonacci retracement levels. A trailing stop could be used if price breaks 0.1074 with a close above 0.1083. Given the current volatility and divergence in volume, this setup could provide a high-reward/low-risk trade if executed with tight risk management.

WUSDT may test key support and Fibonacci levels in the near term, with a potential bounce or breakdown depending on buying/selling pressure. Investors should watch for a break above 0.1062 for bullish confirmation or a retest of 0.1027 as a bearish signal. Market uncertainty remains high, and positions should be sized accordingly.