Market Overview for dogwifhat/Tether (WIFUSDT): Volatility, Momentum, and Key Levels in Focus

Summary
• Price tested key support at $0.362 before rebounding.
• Volume surged during the 5–7 AM ET window, confirming bearish momentum.
• RSI and MACD show moderate bullish divergence near $0.368–0.372.
• Volatility expanded during early morning recovery, widening Bollinger Bands.
• A bullish engulfing pattern formed after $0.363 support held with strong volume.

At 12:00 ET on 2025-12-16, dogwifhat/Tether (WIFUSDT) opened at $0.372, reached a high of $0.378, touched a low of $0.361, and closed at $0.374. Total volume over the 24-hour period was 36,024,684.66, with notional turnover amounting to $12,537,294.

Structure & Candlestick Formations

The pair tested key support at $0.362 and formed a bullish engulfing pattern as it recovered, suggesting short-term buying interest. A doji appeared at $0.366–0.368, hinting at indecision. Fibonacci retracement levels aligned with the 61.8% level near $0.374, which coincided with a closing cluster.

Moving Averages and Momentum

Short-term 5-minute moving averages showed a bearish crossover early in the session before flipping bullish as price rebounded. RSI dipped into oversold territory below 30, signaling a potential bounce. MACD displayed a narrowing histogram but a positive crossover at $0.369–0.372, suggesting tentative momentum.

Volatility and Bollinger Bands

Volatility expanded as price broke above the upper Bollinger Band at $0.373–0.375 before retracing. The 5-minute bands showed a contraction earlier in the session, followed by a breakout. Price closed near the upper Bollinger Band, indicating elevated volatility ahead.

Volume and Turnover Signals

Volume surged between 5–7 AM ET, coinciding with the breakdown and recovery below $0.368. Turnover expanded during this period, confirming price action. A divergence occurred between volume and price near $0.374, with higher volume but sideways price movement suggesting consolidation.

Looking ahead, WIFUSDT may test the 20-period moving average and Fibonacci 61.8% level at $0.374–0.375 for potential continuation or rejection. Traders should remain cautious of a potential pullback if support at $0.368 breaks without strong volume confirmation.