Market Overview for Worldcoin/Tether (WLDUSDT)

Summary
• Price formed key resistance at $0.593 and support at $0.562 with multiple failed breakouts.
• MACD showed bullish divergence near 0.566 while RSI bottomed at oversold levels, suggesting possible bounce.
• Volatility expanded from 0.571 to 0.593 before retreating, indicating heightened trader activity and directional indecision.
• Bollinger Bands expanded during the mid-session rally and narrowed during the afternoon pullback, signaling waning momentum.
• Volume spiked during the midday upswing but failed to confirm follow-through into the late session.

Worldcoin/Tether (WLDUSDT) opened at $0.568 on 2025-12-07 12:00 ET, reached a high of $0.593, and closed at $0.582 as of 2025-12-08 12:00 ET, with a low of $0.558. Total volume was 13,343,605.3 and notional turnover was $7,635,057.9 over the 24-hour period.

Structure and Formations

The price action revealed multiple failed breakouts above $0.593, with a bearish engulfing pattern forming on the first rejection. A bullish hammer appeared near the $0.562 level, suggesting potential short-term support. Doji occurred at critical junctures, signaling indecision and possible reversals.

Technical Indicators

MACD showed a bullish divergence as prices bottomed at $0.562 while the MACD crossed above zero. RSI bottomed near 28, suggesting oversold conditions, but failed to break above 50, indicating limited follow-through buying. The 20-period EMA was above the 50-period EMA during the afternoon rally, hinting at potential short-term strength.

Volatility and Volume

Volatility expanded significantly during the midday rally, with the price reaching a high of $0.593 before retreating. Volume spiked during the upswing but fell off during the afternoon sell-off, indicating limited conviction in the downward move. Bollinger Bands widened during the rally and narrowed during the pullback, pointing to reduced short-term momentum.

Fibonacci Retracements

Fibonacci retracements showed key levels at 0.580 (61.8%) and 0.573 (38.2%) during the 0.558–0.593 move. Price bounced from the 61.8% level before consolidating near 0.582, suggesting possible short-term support.

Worldcoin/Tether appears to be in a consolidation phase after a volatile 24-hour move, with key levels at $0.562 and $0.593 shaping near-term direction. A break above 0.593 could trigger a retest of 0.618 Fibonacci levels, but traders should remain cautious as divergence and doji suggest market uncertainty ahead.