Market Overview for Worldcoin/Tether (WLDUSDT) on 2026-01-07

Summary
• Price action shows key support at 0.6075 and resistance near 0.6301 on the 5-minute chart.
• Volume spiked during the 14:15–14:45 ET sell-off, aligning with the price decline.
• RSI suggests oversold conditions below 30, but price remains in a descending channel.
• Bollinger Bands show a moderate expansion, indicating rising volatility as the market trends lower.
• Fibonacci retracement levels suggest potential bounce near 0.6086, but bearish momentum remains intact.

Worldcoin/Tether (WLDUSDT) opened at 0.6227 on January 6 at 12:00 ET, reached a high of 0.6389, a low of 0.5917, and closed at 0.5975 on January 7 at 12:00 ET. Total volume was 11,610,094.0 and notional turnover was approximately 7,225,867.75.

Structure & Formations

Price action on the 5-minute chart reveals a descending channel formation, with key support at 0.6075 and resistance at 0.6301. A bearish engulfing pattern appeared around 21:30 ET, followed by a doji at 03:30 ET, suggesting indecision during a rebound. The 0.6182 level acted as a minor support twice during the 24-hour window, indicating possible psychological relevance.

Moving Averages

Short-term moving averages on the 5-minute chart (20/50) show a consistent bearish crossover, with the 50-period MA below the 20-period MA. On the daily chart, the 50-period MA is above the 100 and 200-period MAs, suggesting a bearish bias for WLDUSDT in the near-term, although longer-term averages may offer a floor to the decline.

MACD & RSI

The MACD histogram shows negative divergence from 04:00 to 10:00 ET, indicating weakening bearish momentum. RSI dipped into oversold territory below 30 at 15:45 ET, but the lack of a strong rebound suggests that bearish pressure may continue.

Bollinger Bands

Bollinger Bands on the 5-minute chart show a moderate expansion, indicating rising volatility. Price remained near the lower band for much of the session, especially from 14:15 to 17:00 ET, highlighting the bearish bias.

Volume & Turnover

Volume spiked during the 14:15–14:45 ET window, coinciding with a sharp price drop from 0.6086 to 0.5968. Turnover also surged during this period, supporting the move lower. A divergence appears in the later morning session (09:15–10:30 ET) where price rebounded but volume remained muted, signaling weak conviction.

Fibonacci Retracements

Fibonacci retracement levels on the key 0.6389–0.5917 swing indicate potential support at 0.6086 (38.2%) and 0.6195 (61.8%). Price bounced off the 0.6086 level once during the session, which may provide a near-term floor for further bearish moves.

The market appears to be in a consolidating downtrend with clear resistance above 0.6195. A breakout above this level could suggest short-term stabilization, but a continuation of the current bearish trend is probable. Investors should monitor volume and RSI levels for signs of a potential reversal or deepening sell-off in the next 24 hours.