Market Overview for Worldcoin/Tether (WLDUSDT) - 2025-09-21

• WLDUSDT opened at $1.525 and closed at $1.481, declining 2.88% amid volatile 24-hour trading.
• Price dropped to a low of $1.417 before rebounding, forming bearish divergences and a bearish engulfing pattern.
• Volatility surged with a 15-minute high of $1.528 and a low of $1.417, signaling high market uncertainty.
• Turnover spiked at 447,368.4 on the 9:45 AM ET candle, coinciding with the largest price drop of the period.
• RSI and MACD confirmed bearish momentum, while Bollinger Bands expanded as the move unfolded.

On 2025-09-21 at 12:00 ET, Worldcoin/Tether (WLDUSDT) closed at $1.481, down from an open of $1.525. The pair reached a high of $1.528 and a low of $1.417, with total 24-hour volume of 11,742,777.4 and turnover of $17,426,657.9. A sharp selloff emerged overnight, driven by a bearish engulfing pattern and a divergence between price and volume, suggesting exhaustion in the short-term rally.

Structure & Formations

Key support levels formed around $1.46–1.47 and $1.45–1.46, where price found temporary stability. Resistance emerged at $1.50 and $1.52, both of which were rejected multiple times over the past 24 hours. A notable bearish engulfing pattern appeared during the 09:45 AM ET candle, with a large bearish body confirming a shift in sentiment. A doji at $1.496 suggested indecision, but it was followed by a sharp decline to $1.417. The move appears to have been driven by algorithmic selling and order-book imbalances, with price falling below the 20-period 15-minute MA for most of the session.

Moving Averages

On the 15-minute chart, price broke below the 20-period and 50-period moving averages (MAs), indicating a bearish bias. The 50-period MA currently sits around $1.484, suggesting further downside could be in play if the 50-MA is tested and broken. On the daily chart, the 50/100/200-period MAs show a mixed setup, with the 50-period at $1.49 and the 200-period at $1.53, indicating a potential bearish crossover in the near term. If price remains below the 50-day MA, a continuation of the downward trend is more likely.

MACD & RSI

The 15-minute MACD line crossed below the signal line in a bearish divergence, with the histogram showing declining momentum as the price fell. RSI dropped below 30 into oversold territory around the 9:45 AM ET candle but failed to trigger a meaningful rebound, indicating a lack of bullish conviction. On the daily chart, RSI remains in the 40–50 range, suggesting a weak market with no clear direction. Traders should watch for RSI divergence as a potential reversal signal.

Bollinger Bands

Price broke out of a tightening Bollinger Band contraction during the pre-market hours, confirming a breakout to the downside. The move to $1.417 took price far below the lower band, signaling high volatility. If the price remains below the lower band and the Bollinger Band width continues to expand, the bearish trend could persist. A retest of the upper band near $1.49–1.50 could signal a potential reversal if buyers step in.

Volume & Turnover

Volume spiked sharply during the 9:45 AM ET candle as the price dropped to $1.417, with turnover reaching $447,368.4. This was followed by a relative volume decrease as the price stabilized in the $1.46–1.48 range, suggesting a potential exhaustion of the bearish move. However, a lack of strong buying volume indicates that sellers still control the narrative. If volume fails to increase on a retest of key support levels, this could indicate weak demand and further downside.

Fibonacci Retracements

Recent 15-minute swings show a 61.8% retracement level at $1.47, which was tested but not held. On the daily chart, the 61.8% level of the recent bullish swing from $1.45 to $1.53 sits near $1.47–1.48, a key area of recent consolidation. A break below this level could target the 78.6% retracement at $1.44, while a rebound above $1.49 could signal a potential bounce.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions on a close below the 50-period 15-minute MA, with a stop-loss above the previous swing high and a target of the next Fibonacci retracement level. This setup was evident during the 9:45 AM ET candle, where price broke key support levels with strong volume and momentum indicators confirming the bearish bias. The strategy could be enhanced by incorporating RSI divergence as a confirmation filter, ensuring that only trades with confirmed bearish momentum are executed.