Market Overview: Worldcoin/Tether (WLDUSDT) 24-Hour Performance

• Price surged to a 24-hour high of $1.734 before consolidating near $1.685.
• Strong bullish momentum observed mid-day, followed by fading volume into the close.
• A key support level identified at $1.65, with resistance likely forming near $1.70.
• Notable 15-min bullish engulfing and bearish inside bar patterns appeared.
• Turnover exceeded $2.1M at peak, signaling heightened short-term speculative interest.

Worldcoin/Tether (WLDUSDT) opened at $1.6 on 2025-09-13 at 12:00 ET, surged to a 24-hour high of $1.734, and closed at $1.685 on 2025-09-14 at 12:00 ET. The 24-hour notional volume reached $9.12M, with total turnover hitting $2.1M. Price showed distinct bullish and bearish patterns, suggesting a volatile but structured price action.

Structure & Formations

The candlestick pattern over the past 24 hours displayed clear bullish and bearish signals. A strong bullish engulfing pattern formed at $1.65, marking a potential turning point. This was followed by a bearish inside bar at $1.711, indicating potential overhead resistance. A notable doji appeared at $1.62, signaling indecision in the market. These formations highlight key support and resistance levels that traders may watch for near $1.65 and $1.70, respectively. The price appears to be consolidating in the $1.68–$1.69 range, with a probable retest of the $1.65 support in the next 24 hours.

Moving Averages and Momentum

The 15-minute chart showed the 20 EMA crossing above the 50 EMA at mid-day, confirming a short-term bullish bias. Meanwhile, the 50-period and 100-period daily moving averages remained in a bullish alignment, suggesting a continuation of the upward trend in the near term. The MACD histogram showed a positive divergence early in the day, peaking at $1.68 before tapering off. The RSI reached overbought levels above 70, indicating possible exhaustion of the bullish momentum, though not necessarily a reversal. A pullback to the 50 EMA at $1.66 could reinvigorate the short-term trend.

Bollinger Bands and Volatility

Volatility expanded significantly in the afternoon, with the Bollinger Bands stretching to their widest in the past 24 hours. The price touched the upper band at $1.734 before retreating to the $1.68–$1.69 range, which now sits just below the mid-band. The narrowing of the bands in the early morning hours hinted at a possible breakout or breakdown, which indeed materialized as the price surged past the upper bound. The current position of the price near the mid-band suggests balanced volatility, with potential for either side depending on volume and sentiment.

Volume & Turnover Divergences

Volume spiked dramatically after 05:00 ET, coinciding with the price reaching $1.734. This was followed by a sharp decline in volume after the peak, suggesting that the price action may lack follow-through. The notional turnover increased in tandem with volume, peaking at $2.1M. However, the declining volume after 06:00 ET raises concerns about the sustainability of the current rally. Price and volume appear to be in alignment in the morning, but divergence in the afternoon may indicate short-term profit-taking or uncertainty.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (from $1.62 to $1.734), the 61.8% level aligns with $1.68, which the price has nearly tested. The 50% retracement sits at $1.677, and the 38.2% at $1.664. These levels are likely to see increased activity over the next 24 hours as traders monitor for potential pullbacks or continuations. The daily Fibonacci retracement from a previous major move is also near $1.65, reinforcing its importance as a key support level.

Backtest Hypothesis

Given the identifiable candlestick patterns and the alignment of key moving averages, a backtesting strategy could be designed to capture short-term momentum. A potential entry trigger could be a bullish engulfing pattern occurring near the 50 EMA on the 15-minute chart, with a stop-loss placed just below the low of the engulfing bar. A take-profit target could be set at the 61.8% Fibonacci level or the nearest overhead resistance. This approach would aim to capture the immediate continuation of the trend following a clear reversal signal. The strategy would benefit from monitoring RSI divergence and Bollinger Band positioning to avoid false breakouts. Testing this approach over historical data could validate its consistency and reliability in capturing short-term directional moves.