Market Overview for World Liberty Financial USD/Tether (USD1USDT)

Summary
• Price remains tightly range-bound between 0.9995 and 0.9998.
• Volume dipped slightly during late-night hours but rebounded in the morning.
• No clear momentum signals; RSI and MACD suggest neutral to weak bullish pressure.

World Liberty Financial USD/Tether (USD1USDT) opened at 0.9995 on 2025-11-07 at 12:00 ET, reaching a high of 0.9998 and a low of 0.9995, closing at 0.9998 as of 12:00 ET on 2025-11-08. The 24-hour volume was 1,263,201.0 and total turnover amounted to approximately 1,262,381.95.

Price action over the 24-hour period shows a narrow consolidation pattern, with price trading in a tight range between 0.9995 and 0.9998. No breakout or breakdown is evident on the 15-minute chart. A few small bullish and bearish shadows suggest indecision. A potential bullish engulfing pattern appeared briefly in the late morning, but it was quickly invalidated.

Moving averages for the 15-minute timeframe indicate that price remains above the 20-period and 50-period SMAs, suggesting a potential short-term bias toward the upside. However, the daily chart shows price hovering just above the 50-period and 200-period SMAs, suggesting the market is in a consolidation phase with no clear directional bias.

MACD lines remained flat to slightly positive, with no bullish divergence evident, indicating weak momentum. RSI hovered near 50, suggesting the market is neither overbought nor oversold. Volatility, as measured by Bollinger Bands, has compressed slightly over the past 6 hours, indicating a potential breakout may be in play, but confirmation is pending.

Volume was relatively consistent through most of the day, with no major spikes. A slight drop in volume during the overnight hours was followed by a moderate increase during the morning, coinciding with the formation of small bullish shadows. This volume pattern supports the idea that buyers are cautiously entering the market but are not yet overpowering sellers.

Applying Fibonacci retracement levels to the 15-minute swings shows price hovering near the 38.2% retracement level on recent downswings, but no decisive break has occurred. Daily retracements also show the price near key support levels that have previously held.

Backtest Hypothesis
The analysis identifies a potential bullish engulfing pattern in the morning session, though it was short-lived and invalidated. A backtest using a confirmed Bullish Engulfing pattern could offer insights into its profitability as a short-term entry strategy. However, due to data source limitations, the current analysis cannot proceed with a formal backtest. To proceed, the exact ticker symbol recognized by your preferred data source (e.g., TradingView, Binance) is required. Once confirmed, a 1-day-hold backtest from 2022-01-01 to today can be conducted.