Summary
• Price declined from 0.5147 to 0.4975 during the session, with bearish momentum intensifying after 19:30 ET.
• A key support level appears near 0.4950 based on the 5-minute chart and volume clustering.
• The 20-period moving average on the 5-minute chart has moved below the 50-period line, reinforcing bearish bias.
• Volatility remained elevated in the late hours, with Bollinger Bands widening to suggest a potential breakout or continuation.
• RSI reached oversold territory below 30, suggesting potential for a short-term bounce, though bearish divergence remains intact.
Worldcoin/Tether (WLDUSDT) opened at 0.5138 on 2025-12-22 at 12:00 ET, reached a high of 0.5150, a low of 0.4841, and closed at 0.4975 on 2025-12-23 at 12:00 ET. Total volume for the 24-hour period was 14,501,055.3 and notional turnover stood at 7,201.76 USDT.
Structure & Formations
Price action over the past 24 hours displayed a bearish bias, with a strong breakdown from the 0.5100–0.5130 resistance cluster. A bearish engulfing pattern formed at 0.5117 (19:15 ET), followed by a series of lower lows and bearish consolidation. A key support level has emerged near 0.4950, where volume increased significantly and multiple candles found support or consolidation.
Moving Averages
The 20-period moving average on the 5-minute chart has crossed below the 50-period line, signaling a short-term bearish shift. While the 50/100/200-day moving averages for daily charts are not directly available, the 5-minute MA crossover suggests continued downward pressure.
MACD & RSI
The MACD line turned negative in the late hours of the session, confirming bearish momentum. RSI dipped into oversold territory below 30, suggesting potential for a short-term bounce, although bearish divergence remains intact—price lows have continued to drop even as RSI has not yet formed a strong bullish reversal signal.
Bollinger Bands
Bollinger Bands expanded significantly after 19:30 ET, indicating heightened volatility. Price has largely remained within the bands, but with a tendency to test the lower band repeatedly, especially in the last 5 hours. A breakout below the lower band may confirm a bearish continuation.
Volume & Turnover
Volume increased sharply after 19:30 ET, aligning with the downward move from 0.5117 to 0.4975. Notional turnover spiked during the key breakdown at 19:15 ET and again after 01:00 ET. There is no clear divergence between price and volume, suggesting that selling pressure is still intact.
Fibonacci Retracements
Key Fibonacci levels on the recent 5-minute swing from 0.5147 to 0.4841 suggest critical levels at 0.4997 (38.2%) and 0.4908 (61.8%). Price briefly touched 0.4950 and 0.4908 before bouncing, which may indicate strong support at these levels.
Worldcoin/Tether appears to be in a bearish consolidation phase, with strong selling pressure evident in both price action and volume. A potential short-term bounce is possible from the 0.4950 level, but without a clear reversal pattern or a bullish divergence in momentum indicators, further downside to the 0.4841–0.4908 range remains a risk over the next 24 hours. Investors should monitor volume and RSI behavior closely for signs of exhaustion or reversal.
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