Summary
• Price action consolidated between $0.5519–$0.5661, with a bullish breakout attempt around 15:00 ET.
• RSI showed overbought conditions after 15:15 ET, but failed to trigger a sustained rally.
• Volume spiked during the 14:45–15:30 ET window, confirming higher volatility and potential inflection.
• Bollinger Bands showed a tightening before 14:45 ET, followed by a sharp expansion.
•
Worldcoin/Tether (WLDUSDT) opened at $0.5482 on 2026-01-16 at 12:00 ET, touched a high of $0.5661, a low of $0.5457, and closed at $0.5568 on 2026-01-17 at 12:00 ET. Total 24-hour volume was 6.58 million and turnover reached $3.69 million.
Structure & Key Levels
The price found a strong support level around $0.5519, with resistance forming at $0.5661. A bullish engulfing candle emerged at $0.5562–$0.5570 around 15:45 ET, suggesting a potential reversal in short-term bearish momentum. The $0.5557–$0.5564 range appears to be a key consolidation zone, with repeated tests and retests of this area across the day.
Trend and Moving Averages
On the 5-minute chart, the 20- and 50-period moving averages were closely aligned for most of the session, indicating a range-bound trend. On the daily chart, the price remained above the 50- and 100-period moving averages, suggesting a longer-term bullish bias. The 200-period moving average acts as a strong psychological support.
Momentum and Volatility
RSI peaked near 70 around 15:15 ET, indicating overbought conditions, but failed to sustain a move higher, suggesting potential exhaustion. MACD remained flat for most of the day, with a slight bullish crossover occurring around 15:45 ET. Bollinger Bands showed a narrow contraction before the 14:45 ET candle, followed by a sharp expansion, indicating a breakout in volatility.
Volume and Turnover
Volume spiked significantly during the 14:45–15:30 ET window, coinciding with a sharp price increase toward $0.5661. Notional turnover reached its peak in the same timeframe at around $182k during the 15:15 ET candle. This volume surge aligned with the price increase, confirming the move rather than suggesting divergence.
Fibonacci Retracements
A retracement from the key $0.5457–$0.5661 swing showed the price testing the 61.8% level at $0.5566 multiple times. The 38.2% level at $0.5536 also saw consolidation before the price rebounded. These levels appear to be important in defining the short-term range and could be critical in determining the next directional move.
The market appears to be at a potential inflection point, with short-term bullish signals emerging around key Fibonacci and support levels. However, caution is warranted as overbought conditions may not be sustained, and the price could retest the $0.5536–$0.5557 range in the next 24 hours.
Comments
No comments yet