Market Overview for World Liberty Financial/Tether (WLFIUSDT) on 2025-11-09

Summary
• Price opened at 0.1221, peaked at 0.1248, and closed at 0.1223 with a bearish bias.
• Volatility expanded in the early hours, followed by consolidation in the last 6 hours.
• RSI and MACD suggest weakening bullish momentum, with RSI hovering near neutral levels.

World Liberty Financial/Tether (WLFIUSDT) opened at 0.1221 on 2025-11-08 at 12:00 ET, reaching a high of 0.1248 before settling at 0.1223 by 12:00 ET on 2025-11-09. The 24-hour total volume was 21,933,084.6 and the notional turnover stood at 2,703.84. The pair appears to be forming a bearish consolidation pattern as the price retreats from a short-term peak.

Key support and resistance levels over the 15-minute chart suggest a developing bearish bias. A strong resistance was formed at 0.1248, with the price failing to hold above it. A bearish engulfing pattern emerged at 0.1243–0.1246 on the 2025-11-09 23:30 candle, signaling potential short-term bearish continuation. A potential support level appears around 0.1223–0.1224, coinciding with a recent bounce.

The 20-period and 50-period moving averages on the 15-minute chart have converged, indicating a possible shift in momentum. On the daily chart, the 50-period MA is above the 100-period and 200-period, suggesting a mixed trend. The MACD crossed into negative territory, indicating weakening bullish momentum, while the RSI hovered around 50, implying neither overbought nor oversold conditions. The price has oscillated between the upper and lower Bollinger Bands, signaling increased volatility, particularly in the early morning session.

Fibonacci retracements indicate that the price has retested the 61.8% level at 0.1223 after a short-term rally from 0.1206–0.1248. This suggests a possible continuation of the downward correction. The volume profile also showed divergence in the last 6 hours, with declining prices on lower volume, which may indicate exhaustion in the bearish move. Traders should watch for a break below the 0.1215 level as a potential confirmation of a deeper pullback.

Backtest Hypothesis
The bearish engulfing pattern has historically performed poorly in this pair. A backtested strategy that buys on a bullish engulfing pattern and sells the next day has returned -17.4% from 2022 to 2025, with only five out of twelve trades profitable. The pattern may not be a reliable signal for WLFIUSDT, particularly in volatile and consolidating markets. This aligns with the current RSI and MACD divergence, reinforcing caution in relying solely on candlestick patterns for trade entries.