Market Overview for Wormhole/Tether (WUSDT) on 2026-01-06

Summary
• WUSDT formed bullish bullish consolidation from 0.0387 to 0.0408, with late-day break above 0.0405.
• RSI and MACD signaled positive momentum but not overbought territory.
• High-volume clusters between 15:00–16:00 ET saw price drop sharply.
• Volatility expanded significantly in the last 6 hours, pushing price above key Bollinger Band resistance.
• Daily Fibonacci levels at 0.0411 and 0.0426 are now relevant for near-term projections.

Wormhole/Tether (WUSDT) opened at 0.0388 on 2026-01-05 12:00 ET and closed at 0.0402 by 12:00 ET on 2026-01-06, reaching a high of 0.0413 and a low of 0.0384. The total volume over 24 hours was 50,402,096.35, with a turnover of 2,013,091.10.

Structure & Formations

The price consolidated between 0.0387 and 0.0402 for most of the session before forming a bullish breakout above 0.0405. A small bullish engulfing pattern formed at 15:00 ET, followed by a sharp pullback in the early evening, which created a key support level at 0.0402. A doji appeared at 16:45 ET, signaling potential exhaustion in the short-term bearish move.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early morning, confirming a short-term bullish bias. For daily timeframes, the price closed above the 50-day MA, aligning with longer-term accumulation.

MACD & RSI

The MACD crossed into positive territory in the early morning and remained bullish through 16:00 ET. RSI reached 58 at 15:00 ET and rose to 62 by 17:00 ET, indicating rising momentum without overbought conditions.

Bollinger Bands

Volatility expanded significantly in the last 6 hours, pushing the price above the upper Bollinger Band for the first time in the 24-hour period. This suggests a breakout from a tight consolidation phase.

Volume & Turnover

Volume surged between 15:00–16:00 ET as the price rose toward 0.0413, confirming the bullish breakout. A divergence appeared between volume and price in the late afternoon when the price dropped from 0.0408 to 0.0392 despite moderate volume.

Fibonacci Retracements

The 5-minute swing high at 0.0413 and low at 0.0387 align with 38.2% and 61.8% Fibonacci retracement levels, respectively. On the daily chart, the 61.8% level at 0.0426 may act as the next target.

The market appears to be in a breakout phase following a period of consolidation. Price may test 0.0426 in the next 24 hours if bullish momentum holds, but a reversal below 0.0401 could trigger a pullback to 0.0392. Investors should monitor volume behavior and RSI levels for signs of divergence or exhaustion.