Market Overview for Wormhole/Tether (WUSDT) as of 2025-12-11

Summary
• Price formed a bearish engulfing pattern near 0.0425, signaling potential downward momentum.
• Volume surged 700% in the 19:15–19:30 ET window, coinciding with a sharp pullback.
• RSI entered oversold territory near 0.0390, suggesting possible short-term buying interest.
• Volatility expanded during early morning ET, as Bollinger Bands widened to 0.0398 range.

Wormhole/Tether (WUSDT) opened at 0.0411 on 2025-12-10 at 12:00 ET, reached a high of 0.0432, a low of 0.0384, and closed at 0.0388 at 12:00 ET the next day. Total volume for the 24-hour period was 65.4 million, with notional turnover of $2.56 million.

Structure & Candlestick Patterns

A bearish engulfing pattern formed at 0.0425 during the 19:15–19:30 ET window, coinciding with a large volume spike. This suggests a shift in sentiment toward the downside. Later in the session, a doji appeared near 0.0390, signaling indecision, while a bullish reversal pattern emerged as price neared 0.0385–0.0388.

Moving Averages and Momentum

On the 5-minute chart, price remained below the 20-period and 50-period moving averages for most of the session, confirming bearish bias. The 50-period MA sat at 0.0412 at the close. On the daily chart, the 50/100/200-day MA alignment shows no strong divergence, though the 200-day MA at 0.0421 suggests a potential hurdle if there is a rebound. MACD turned negative and RSI dipped into oversold territory, hinting at a possible bounce in the near term.

Volatility and Bollinger Bands

Volatility expanded early in the morning as the 20-period Bollinger Bands widened to a range of 0.0398, with price trading near the lower band. By late afternoon, the bands narrowed slightly, indicating a consolidation phase ahead of the final leg lower.

Volume and Turnover

Volume spiked sharply during the 19:15–19:30 ET period, with a large candle showing 6.9 million contracts traded. This confirmed the bearish move from 0.042 to 0.0416. However, the final leg of the decline into the early morning was accompanied by smaller volume, suggesting weakening bearish conviction.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0425–0.0384 move, key retracement levels include 38.2% at 0.0409 and 61.8% at 0.0419. Price briefly retested 0.0409–0.0410 before finding a floor near 0.0386–0.0388.

Wormhole/Tether may find support near 0.0384–0.0386 in the short term, with a potential rebound toward 0.0409 expected if bulls show strength. However, bearish momentum could continue if key Fib levels fail to hold, leading to a test of 0.0382–0.0384. Investors should monitor volume and momentum divergence closely as the next 24 hours may bring volatility or a short-lived rally.