Market Overview for Worldcoin/Tether (WLDUSDT) on 2025-09-17

• Price opened at $1.527 and traded between $1.475 and $1.533 before closing near $1.516.
• Key support appears at $1.505–$1.508 with a resistance cluster near $1.515–$1.525.
• Volume surged after a consolidation phase, peaking at $1.525–$1.515.
• RSI hovered near neutral levels, while MACD showed bearish divergence in late session.
• Volatility expanded during the overnight hours, with price breaching both Bollinger Band edges.

Worldcoin/Tether (WLDUSDT) opened at $1.527 on 2025-09-16 12:00 ET and reached a high of $1.533 before falling to a low of $1.475 during the overnight session. At 12:00 ET on 2025-09-17, it closed at $1.516. Total volume across the 24-hour period was approximately 14,634,015.0 units, and notional turnover amounted to roughly $22,483,090.2, indicating increased interest amid mixed price action.

Structure & Formations

The 24-hour period displayed a complex formation with a bearish breakdown from a consolidation range that had been forming between $1.52 and $1.535. Key support levels emerged at $1.505–$1.508 and $1.492–$1.495, with the price failing to hold above $1.515 multiple times in the later hours. A notable bearish engulfing pattern formed during the early morning session as price fell from $1.515 to $1.502, reinforcing the short-term bearish tone. Additionally, a doji at $1.512 near the 00:30 ET timeframe hinted at indecision and potential reversal, though it was not confirmed by follow-through volume.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA20) was in a bearish cross with the 50-period moving average (SMA50), forming a death cross that reinforced the downward trend. The daily chart showed the 50 SMA at approximately $1.518 and the 200 SMA at around $1.534, placing the current price within a bearish channel and suggesting further tests of support at $1.505 or below. The 100 SMA also crossed below the 200 SMA, reinforcing the medium-term bearish bias.

MACD & RSI

The MACD line showed bearish divergence in the last few hours, declining even as price briefly rebounded. The histogram was negative and growing in magnitude, signaling increased bearish momentum. The RSI fluctuated between 45 and 55 for much of the session, but dropped sharply after 03:30 ET, falling into oversold territory briefly. However, the lack of follow-through after the rebound suggests that the bears may still control the short-term bias.

The RSI and MACD readings indicate a potential short-term bounce could occur but only if the price retests and holds above $1.516. Any further weakness may see the RSI dipping into oversold territory again, which could prompt short-covering or limited buying.

Bollinger Bands

Bollinger Bands showed an expansion in volatility overnight, with the price breaching the lower band at $1.492. This breakout was accompanied by a surge in volume, suggesting increased conviction in the bearish move. However, the price failed to stay above the lower band and retraced slightly, trading around $1.513 by the morning session. The upper band remained in the $1.525–$1.527 range, which acted as a ceiling for most of the session. The current position inside the bands suggests continued consolidation is likely unless a breakout occurs.

Volume & Turnover

Volume spiked during the overnight hours, especially between 03:30 and 04:45 ET, when the price dropped from $1.505 to $1.485. This period accounted for the largest single volume bar, peaking at 941,368.0 units. However, the subsequent rebound to $1.516 was not accompanied by a corresponding rise in volume, suggesting the move may not be backed by strong conviction. Notional turnover aligned with these volume patterns, with a peak of approximately $1,410,000 at the 03:30 ET candle. The divergence between price and volume during the morning consolidation suggests a potential exhaustion of the bearish momentum.

Fibonacci Retracements

Fibonacci retracements drawn from the key swing high at $1.533 and the swing low at $1.475 indicated that the current price of $1.516 is near the 50% retracement level. This level could act as a psychological support or trigger further consolidation. On the 15-minute chart, retracement levels from the $1.525–$1.505 swing suggest that the 38.2% level at $1.513 is being tested, with the 61.8% level at $1.519 forming a potential near-term resistance.

Backtest Hypothesis

The backtest strategy aims to exploit the bearish divergence in MACD and RSI during consolidation phases, particularly when price breaks below the lower Bollinger Band with strong volume. A long-term position would be considered if the price bounces from key Fibonacci levels, such as the 50% or 61.8% retracements, and shows a bullish reversal pattern like a hammer or bullish engulfing. Conversely, a short position would be triggered if price retests the 38.2% retracement at $1.513 and fails to hold, with confirmation from RSI dipping below 30 and MACD turning negative.