Market Overview for Worldcoin/Tether (WLDUSDT) – January 16, 2026

Summary
• Price declined 24 hours, forming bearish engulfing patterns and confirming weak momentum.
• Volatility increased with high volume spikes, especially near the end of the reporting window.
• RSI and MACD indicate oversold conditions, hinting at potential near-term consolidation.
• Bollinger Bands show a recent contraction, suggesting possible breakout conditions ahead.
• Fibonacci levels at 0.563 and 0.557 appear to act as key support/resistance in the 5-min timeframe.

Worldcoin/Tether (WLDUSDT) opened at 0.5745 on January 15 at 12:00 ET, peaked at 0.579, and closed at 0.564 at 12:00 ET January 16. Total volume reached 12,967,226.0, with a notional turnover of 7,143,223.22 USDT.

Structure & Formations

Price action over the 24-hour period showed a sharp bearish shift, with a bearish engulfing pattern forming near the 0.576–0.568 level. A significant breakdown occurred after the 18:00 ET candle, followed by a continuation of bearish momentum. The 0.563–0.557 range appears to be a critical support zone, marked by several 5-min retracements and retests. On the daily chart, the 0.562–0.565 level could act as a psychological floor.

Moving Averages

Short-term (20/50 5-min) and daily (50/100/200) moving averages show a consistent bearish alignment, with the 5-min 50SMA now below 0.566. The price has remained below all major moving averages for most of the 24-hour window, confirming a downtrend.

Momentum Indicators

The 12/26 MACD crossed into negative territory and has remained bearish, with the signal line closely trailing. RSI dipped into oversold territory (below 30) near the 0.558 level, suggesting a potential near-term bounce or consolidation. However, bearish divergence remains strong.

Volatility and Bollinger Bands

Bollinger Bands show a narrowing at the 23:00–02:00 ET window, indicating a contraction in volatility. Since then, the price has expanded outward, testing the lower band and breaking below it at 15:45 ET. This suggests a potential breakout scenario. High volatility was noted between 15:30 and 16:45 ET, coinciding with a large bearish candle and increased volume.

Volume and Turnover

Volume surged sharply during the 15:30–16:45 ET window, with the most extreme volume at 15:30 ET when price fell from 0.562 to 0.549. Notional turnover spiked in line with price declines, confirming bearish sentiment. Divergences between price and volume were not observed, suggesting strong consensus among traders on the bearish direction.

Fibonacci Retracements

Applying 5-min Fibonacci retracement to the most recent swing (0.576 to 0.558), key levels at 0.563 and 0.568 appear to hold as potential support and resistance. On the daily chart, the 61.8% retracement level of the recent monthly move lies around 0.562, which may become a focal point in the coming days.

Price appears to be in a high-probability consolidation phase after reaching oversold levels. A potential bounce from the 0.558–0.562 support range may follow, but a deeper breakdown below 0.555 could signal renewed bearish momentum. Investors should watch volume and RSI divergence for early confirmation of trend continuation or reversal over the next 24 hours.