Market Overview for Wormhole/Tether (WUSDT) on 2025-12-24

Summary
• Price declined from 0.0343 to 0.0334, forming

.
• Volatility expanded in late hours, with volume surging past 3 million as price broke 0.0335.
• RSI entered oversold territory, while MACD turned negative with bearish crossover.
• Bollinger Bands widened, indicating increased uncertainty and potential for a rebound or continuation.

Wormhole/Tether (WUSDT) opened at 0.0341 on 2025-12-23 at 12:00 ET, peaked at 0.0344, and closed at 0.0334 as of 12:00 ET on 2025-12-24. The pair traded between 0.0344 and 0.0333 over 24 hours, with total volume reaching 27,381,116.8 and turnover at approximately $931,531.

Structure & Formations

Price action showed a bearish trend with multiple bearish engulfing patterns, especially in the 18:00–19:00 ET timeframe. A bear trap formed between 0.0342 and 0.0344 as buyers were lured in but met stiff selling pressure. A key support level appears to be forming near 0.0334–0.0335, which has held on multiple tests in the past 8 hours.

Moving Averages and Momentum

Short-term moving averages (20/50) on the 5-minute chart are bearishly aligned, with price trending below both. The MACD crossed into negative territory in the final hours, confirming bearish momentum. RSI hit oversold levels (around 28) at 0.0334, suggesting a potential bounce or consolidation phase ahead.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly in the last 8 hours, indicating heightened volatility and uncertainty. Price traded at the lower band near 0.0334–0.0335, a classic sign of potential reversal or a continuation depending on volume action. The wide band width also suggests increased interest in both long and short positions.

Volume and Turnover

Volume spiked to over 3 million in the 14:45–15:00 ET window, coinciding with a sharp decline from 0.0333 to 0.0328. Notional turnover mirrored this with a 24-hour peak of ~$8.7 million during the same period. The divergence between price and volume is minimal, indicating conviction in the bearish move.

Fibonacci Retracements

The recent 5-minute swing from 0.0344 to 0.0333 aligns with key Fibonacci levels. Price found temporary support at the 61.8% retracement level (~0.0337), before falling to 0.0334, which now appears as the next key level to watch. On the daily chart, a broader bearish Fibonacci sequence suggests a target around 0.0328 if the current downtrend continues.

The market appears to be in a consolidation phase near the 0.0334–0.0335 support zone, with RSI signaling oversold conditions. A short-term rebound is possible, but bearish momentum could resume if buyers fail to hold above 0.0335. Investors should remain cautious and watch for volume confirmation on any up moves.

A sharp break below 0.0334 may trigger further downside, while a sustained rebound above 0.0338 could indicate a reversal in sentiment.