Market Overview for Wormhole/Tether (WUSDT) on 2025-09-26

• WUSDT opened at $0.0998 and closed near $0.1007 after a sharp midday rally.
• A bullish reversal pattern formed in early afternoon with volume confirmation.
• RSI showed overbought levels post-18:00 ET, while MACD signaled diverging momentum.
• Volatility expanded midday, with WUSDT breaching a 24-hour high of $0.1067 before retreating.
• Turnover spiked during the rally, reaching $105 million at peak trading hours.

The Wormhole/Tether (WUSDT) pair opened at $0.0998 on 2025-09-25 at 12:00 ET and closed at $0.1007 on 2025-09-26 at 12:00 ET. The 24-hour high was $0.1067, and the low was $0.0978, with total trading volume amounting to 107,391,091 tokens and a notional turnover of approximately $105 million. Price action suggested a volatile but range-bound session with multiple reversals.

Key support levels were identified around $0.0997 to $0.1003, where WUSDT found buyers during the afternoon pullback. Resistance emerged at $0.1023 and $0.1055, with the latter level acting as a temporary ceiling during the midday surge. A bullish engulfing pattern formed after 19:00 ET, which coincided with a large volume spike and suggested short-term momentum turning in favor of buyers. This was followed by a strong move to $0.1067 before fading into a consolidation phase.

On the technical indicators, the 15-minute RSI reached overbought levels (above 65) during the rally, signaling potential exhaustion in the upward move. The MACD crossed above zero in the morning and remained positive for much of the session, but the histogram began to flatten by 20:00 ET, indicating waning bullish momentum. Bollinger Bands showed a clear expansion during the rally, with WUSDT reaching the upper band before retracting. This suggests that the price may be correcting after a high-volatility move, and a retest of the lower band could be likely.

The 20-period and 50-period moving averages on the 15-minute chart showed convergence near $0.1008, placing the pair in a potential equilibrium zone. Fibonacci retracement levels drawn from the $0.0978 low to $0.1067 high identified key levels at $0.1018 (61.8%) and $0.1029 (38.2%), which could serve as potential pivot points in the near term. The price appears to have stalled around the 61.8% level and could face renewed selling pressure if it fails to hold above $0.1023.

In the next 24 hours, WUSDT may test the $0.1023 resistance again. A break above this level could signal a resumption of the bullish trend, while a failure to do so may lead to a correction toward the $0.0997 support. Investors should watch for volume confirmation at key levels and divergence in RSI to manage risk, especially as volatility remains elevated.

Backtest Hypothesis
The proposed backtesting strategy involves entering a long position on WUSDT when price breaks above the 50-period moving average on the 15-minute chart, confirmed by increasing volume and a bullish MACD crossover. The stop-loss is placed below the previous swing low (e.g., $0.1003), and the target is the nearest Fibonacci retracement level (e.g., $0.1035). Based on today’s price behavior, this approach would have triggered a long entry after 19:00 ET with favorable risk/reward. A backtest using this setup over the past 30 days would be valuable to assess its statistical significance and adaptability in varying volatility conditions.