Market Overview for Worldcoin/Tether (WLDUSDT)

• WLDUSDT climbed from 1.51 to a high of 1.699 amid strong late-day buying.
• Momentum shifted sharply after 14:30 ET with a large bullish candle and expanding volatility.
• Total 24-hour volume reached 30.9 million units; turnover surged to $49.6 million.
• RSI and MACD signaled overbought conditions near the session high, but price continued higher.
• Fibonacci retracement levels at 1.632 and 1.675 were key resistance during the breakout phase.

Opening and Price Range

Worldcoin/Tether (WLDUSDT) opened at 1.513 on 2025-09-17 at 16:00 ET and surged to an intra-day high of 1.699 by 14:30 ET the following day. The pair closed at 1.597 at 12:00 ET on 2025-09-18, having traded within a range of 1.51 to 1.699. Total trading volume over the 24-hour period was 30.9 million units, with a notional turnover of $49.6 million.

Structure & Formations

The price action displayed a strong bullish breakout from a key consolidation pattern, forming a rounded bottom with a sharp upward thrust beginning at 14:30 ET. A large bullish candle on that hour surged from 1.632 to 1.675, forming a potential bullish continuation pattern. A subsequent bearish reversal candle at 15:00 ET saw the price retrace to 1.63, suggesting short-term profit-taking. Key support levels emerged at 1.597 and 1.575, while resistance levels at 1.632 and 1.675 showed repeated pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned during the consolidation phase but diverged sharply during the breakout, with price surging well above both. This suggests a strong shift in sentiment. On the daily chart, the 50 and 100-period moving averages appear to be converging, indicating a possible medium-term bullish bias.

MACD & RSI

The 15-minute MACD turned bullish after 14:30 ET, with a sharp crossover and expanding histogram, confirming the breakout. The RSI pushed into overbought territory above 70 for several hours, indicating potential exhaustion. However, the price continued higher despite overbought levels, suggesting strong conviction among buyers. The RSI later pulled back below 60, reflecting moderate bearish pressure.

Bollinger Bands

Volatility expanded significantly during the breakout, with price moving well above the upper Bollinger band. This indicates a high-volatility environment and increased momentum. Price has since retraced slightly, trading near the middle band as volatility stabilizes. A retest of the upper band at 1.675 could trigger further buying if volume remains robust.

Volume & Turnover

Volume spiked dramatically during the breakout phase, with the 14:30 ET candle showing a volume of 7.8 million units—the highest of the 24-hour period. This surge in volume confirmed the bullish momentum. Turnover also spiked during this hour, reaching $13.1 million. However, volume declined afterward, suggesting that the initial wave of buying may be subsiding.

Fibonacci Retracements

Fibonacci retracement levels derived from the recent swing high of 1.699 and low of 1.51 showed key levels at 1.632 (38.2%), 1.675 (61.8%), and 1.72 (127%). These levels were tested during the price action, with 1.632 and 1.675 acting as both support and resistance. A break above 1.675 could lead to a test of the 1.72 extension level, where further resistance is likely.

Backtest Hypothesis

Applying a backtesting strategy focused on breakouts from consolidation patterns and confirmation through strong volume and overbought RSI levels, the recent WLDUSDT movement aligns well with a potential trade setup. A long entry could be triggered upon a breakout above the 1.632 Fibonacci level with a stop-loss placed just below the nearest support at 1.597. A target would be set at the 1.675 resistance level, with the possibility of extending to 1.72 if the move continues. The MACD confirmation and bullish candlestick patterns provide further support for the trade’s validity.

Outlook and Risk Considerations

Looking ahead, WLDUSDT appears poised for further upward movement, with the 1.675 level as the next key resistance. However, a failure to hold above 1.597 could trigger a retracement to the 1.575 level. Traders should remain cautious about overbought conditions and potential profit-taking, while also monitoring volume for signs of exhaustion. As always, leverage and risk management remain critical in volatile crypto markets.