Market Overview for World Liberty Financial/Tether (WLFIUSDT) as of 2025-10-31

• Price fluctuated between 0.1331 and 0.1385, with a 24-hour close at 0.1382.
• A key 15-minute bearish engulfing pattern formed at 17:45 ET, followed by a brief rebound.
• Volume remained elevated after 20:00 ET, indicating potential short-term volatility.
• RSI reached oversold levels (30) by 23:30 ET, hinting at a potential reversal.
• Bollinger Bands show moderate expansion, with price hovering near the upper band for part of the session.

World Liberty Financial/Tether (WLFIUSDT) opened at 0.1359 on 2025-10-30 at 12:00 ET, reached a high of 0.1385, a low of 0.1331, and closed at 0.1382 as of 2025-10-31 12:00 ET. The total traded volume was 92.5M, with a notional turnover of approximately $12.8M.

The 24-hour candlestick chart shows a consolidation phase after an initial sharp decline from 0.1385 to 0.1331 between 17:45 and 19:45 ET. A bearish engulfing pattern confirmed a short-term shift in sentiment, followed by a partial recovery. Key support was found around 0.1340–0.1350, while resistance emerged near 0.1363–0.1375.

MACD showed a bearish crossover in the mid-evening hours, confirming the downward trend. RSI dipped below 30 by 23:30 ET, signaling an oversold condition and potentially setting up for a short-term reversal. Bollinger Bands showed moderate expansion, with price testing the upper band during the late-night rebound. Fibonacci retracement levels suggest a possible bounce from the 61.8% level at ~0.1345–0.1350.

Volume spiked after 20:00 ET, aligning with the price rebound but showing divergence from the RSI’s oversold signal. The 20-period and 50-period moving averages crossed in the evening, confirming a bearish bias, while the 200-day MA remained flat. The combination of diverging momentum and elevated volume may indicate a potential reversal or consolidation ahead.

Backtest Hypothesis
The current RSI reading at 30 provides a relevant context for a backtesting strategy relying on the standard 30 oversold threshold. A position would be closed if RSI dips below this level, as seen in the final hours of the session. However, given the recent volume divergence and rebound, a more refined approach—such as combining RSI with a 20-period MA crossover—might provide better accuracy. Once the correct ticker symbol is confirmed (WLFIUSDT appears to be valid), we can apply this methodology to the historical data from 2022-01-01 through today to assess its robustness.