Market Overview for World Liberty Financial USD/Tether (USD1USDT) – 2025-11-04

Summary
• Price remains narrowly range-bound near 0.9992–0.9994 with minimal directional bias.
• Volume declined during the session, suggesting low conviction in current price movements.
• RSI and MACD show no divergence or momentum shifts, indicating a consolidation phase.

World Liberty Financial USD/Tether (USD1USDT) opened at 0.9993 on 2025-11-03 12:00 ET, reaching a high of 0.9994 and a low of 0.9992 before closing at 0.9991 at 12:00 ET on 2025-11-04. Total volume across the 24-hour window was 11,954,607.00, with a notional turnover of $11,934,749.89.

The structure of the 15-minute OHLCV data shows minimal price movement, with most candles forming tight ranges between 0.9992 and 0.9994. No significant candlestick patterns such as bullish engulfing, hammers, or dojis emerged during the 24-hour period. The price remains within a small consolidation range, with 0.9993 appearing as a key level of support and resistance.

Moving averages on the 15-minute chart (20-period and 50-period) show the price hovering just above the 50-period line, indicating a potential sideways trend. On the daily chart, with 50/100/200-period averages, the price appears to be consolidating near the 100-period line, lacking the momentum to move decisively higher or lower. MACD is neutral with no clear divergence, while RSI remains in the mid-range (45–55), suggesting balanced buying and selling pressure. Bollinger Bands are tightly compressed, indicating low volatility and a continuation of range trading.

Volume has declined over the last 24 hours, with most candles exhibiting modest volumes. Notional turnover also reflects the lack of conviction in price direction. No clear divergences between volume and price were observed, but the overall market activity suggests limited participation. Fibonacci retracement levels at 0.9992 (38.2%) and 0.9993 (61.8%) appear to align with key consolidation levels, indicating possible areas of interest for near-term price action.

Backtest Hypothesis
The backtest for a Bullish Engulfing pattern on USD1USDT failed due to the absence of any valid signals over the specified period. This suggests that the current market environment is characterized by low volatility and a lack of directional momentum, with price failing to produce the kind of reversal patterns necessary for this strategy to function. In a ranging market, traditional candlestick reversal patterns may not trigger frequently, leading to ineffective signal generation. To improve the backtest, one could consider expanding the lookback period or exploring alternative strategies such as moving-average crossovers or volatility breakout models that are more suited to sideways conditions.