Market Overview for Worldcoin/Tether USDt (WLDUSDT) – 24-Hour Summary

• WLDUSDT showed a 24-hour range-bound trend, consolidating between 0.885 and 0.918.
• A key breakout above 0.913 could validate bullish momentum.
• RSI hovered around 50, indicating neutral momentum with no overbought/oversold signs.
• Volume surged during the 2345-0000 ET rally, confirming strength near 0.915.
• A bearish divergence appeared around 0.910–0.908, suggesting caution for short-term bounces.

Worldcoin/Tether USDt (WLDUSDT) opened at $0.885 on September 5 at 12:00 ET and closed at $0.910 at the same time on September 6. The pair reached a high of $0.918 and a low of $0.885 over the 24-hour period. Total traded volume was approximately 15,084,102 WLD, with notional turnover reaching $13,486,265.

Structure & Formations

WLDUSDT’s price action displayed a consolidation phase from 0.885 to 0.913, with key support levels at 0.895 and 0.887, and resistance forming at 0.913 and 0.918. A bullish engulfing pattern formed during the 2345–0000 ET session as the price rallied from 0.913 to 0.918. A bearish doji appeared around 0.910–0.908, signaling potential exhaustion in the upward move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over during the 0900–0915 ET session, indicating a short-term bullish signal. The 50-period SMA stood at 0.906, while the 20-period SMA was at 0.909, suggesting a potential retest of the 0.908–0.912 range in the near term. On the daily chart, the 50-period and 200-period SMAs aligned closely near 0.898–0.900, indicating a sideways bias.

MACD & RSI

The MACD remained in positive territory after the 2345–0000 ET rally, with a histogram showing expanding bullish momentum. RSI oscillated between 45 and 55 for most of the session, suggesting balanced buying and selling pressure. A potential overbought zone may emerge if the price breaks above 0.918 and closes above 0.920, pushing RSI above 60.

Bollinger Bands

The price traded within a moderate volatility range, with the Bollinger Bands widening during the 2345–0000 ET session as the price moved from the lower band (0.913) to the upper band (0.918). This expansion indicated increased volatility and a potential breakout scenario. Price currently sits just below the upper band, which could offer a target for further upward movement.

Volume & Turnover

Volume spiked during the 2345–0000 ET session, with over 453,669.8 WLD traded as the price surged from 0.912 to 0.918. Turnover for that period was approximately $412,000. A volume divergence appeared during the 0900–0930 ET session, where volume declined despite the price moving higher, suggesting weakening bullish conviction. This may foreshadow a potential pullback.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour range from 0.885 to 0.918, key levels include 38.2% at 0.906 and 61.8% at 0.909. The price tested the 61.8% level twice during the 0000–0400 ET period before consolidating around 0.909. A break above 0.918 would target the 78.6% retracement at 0.915 as the next critical resistance.

Backtest Hypothesis

Given the current price behavior and technical indicators, a viable backtesting hypothesis could focus on a breakout strategy around the 0.913 resistance level. This level has shown multiple tests and a confirmed bullish engulfing pattern. A buy signal could be triggered on a close above 0.913 with volume confirmation, while a stop-loss could be placed below 0.905 to manage downside risk. A take-profit target at 0.918 aligns with the upper Bollinger Band and Fibonacci 61.8% level. This strategy would aim to capture short-term bullish momentum in a range-bound market.