Summary
• Price formed key support near 0.621 and tested resistance at 0.647.
• Volume surged during early Asian session but faded near closing hours.
• RSI signaled overbought conditions mid-day before retreating into neutral territory.
• Bollinger Bands widened during the morning, suggesting increased volatility.
• A bullish engulfing pattern appeared near 0.626–0.630 range in late afternoon.
Price and Volume Snapshot
Worldcoin/Tether (WLDUSDT) opened at 0.637 and traded between 0.619 and 0.647 during the 24-hour period, closing at 0.624. Total volume reached 10,180,729.0, with a notional turnover of ~$6,547,486 (calculated using average price and volume).
Structure & Key Levels
The price tested strong support near 0.621 twice in late afternoon, with a minor bounce observed on the second touch. Resistance levels at 0.647 and 0.635–0.637 were notable, with a failed breakout attempt in the early hours.
. A bullish engulfing pattern formed around 17:30 ET, suggesting potential short-term buying interest.
Momentum and Volatility
MACD showed a bearish crossover in the morning, followed by a brief bullish divergence as volume increased. RSI spiked above 65 mid-day, indicating overbought conditions, but failed to sustain above that level. Bollinger Bands expanded during the morning, reflecting heightened volatility, with price closing near the lower band, signaling potential oversold conditions.
Volume and Turnover Dynamics
Volume was highest in the early Asian session, with turnover peaking at 505,247.1 at 11:00 ET. A divergence between rising volume and falling price was observed after 03:00 ET, indicating possible bearish pressure. However, late-day buying interest around 17:00 ET reversed this trend slightly.
Forward-Looking Insight
The 0.621 support level appears to be a key psychological floor for the next 24 hours. A break below this level may trigger a test of the 0.615–0.618 zone. Investors should also watch for a retest of the 0.635–0.637 range for signs of a potential reversal. Caution is advised, as high volatility and uneven volume distribution suggest mixed sentiment.
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