Market Overview for dogwifhat/Tether (WIFUSDT)

• WIFUSDT declined 10.3% over 24 hours, with price falling from 0.609 to 0.546 on heavy volume.
• Volatility expanded in early morning ET, peaking at 0.619 before a sharp breakdown to 0.528.
• Bearish momentum intensified in the latter half of the period, with bearish engulfing patterns emerging.
• Volume spiked as price approached key support levels, signaling accumulation or capitulation.
• RSI approached oversold levels, hinting at potential near-term reversal, though bearish bias remains strong.

The price of WIFUSDT opened at 0.609 on 2025-10-13 12:00 ET and closed at 0.546 by 2025-10-14 12:00 ET. The 24-hour range saw a high of 0.619 and a low of 0.528. Total volume during this period was 105,844,470.28, while turnover reached approximately 55,780,601.30 USDT, reflecting heightened trading interest amid directional bearishness.

On the 15-minute chart, WIFUSDT exhibited a bearish bias across most of the period, with price forming multiple bearish candlestick patterns such as engulfing and long lower shadows. Notable support levels emerged around 0.535–0.540 and 0.528–0.532, where volume spiked and the price found short-term stability. Resistance levels at 0.550–0.555 and 0.565–0.570 were decisively broken to the downside. Price tested the lower Bollinger Band multiple times, especially after 04:00 ET, suggesting heightened volatility and potential reversal setups in the short term.

The 20-period and 50-period moving averages on the 15-minute chart showed a consistent downward crossover, reinforcing the bearish trend. A death cross may be forming, especially if price fails to recover above the 20-period moving average in the coming sessions. Fibonacci retracement levels derived from the key swing highs and lows showed that the breakdown at 0.528–0.532 coincided with a 61.8% retracement level, suggesting a high-probability area for a short-term bottom or consolidation.

In terms of volume and notional turnover, the most intense selling occurred between 04:00 and 06:00 ET, as price collapsed from 0.586 to 0.551 and then further to 0.535. This coincided with large volume spikes and a divergence in notional turnover, which suggests increased bearish participation and potential exhaustion. The price has yet to close above 0.550 to confirm a recovery, though the RSI has entered oversold territory, indicating that a rebound may be more probable than a continuation of the selloff in the very near term. Traders may want to monitor the 0.540–0.545 zone closely for potential reversal signs or further bearish breakdowns.