Market Overview for Wormhole/Tether (WUSDT): 24-Hour Analysis

• WUSDT rose from 0.0769 to 0.0848 over 24 hours, showing a bullish bias.
• Price tested and held above 0.0835, forming a key support-turned-resistance level.
• Volatility spiked in the 09:45–10:00 ET window, coinciding with a sharp price rally.
• On-balance volume suggests buying pressure from 0.0815 to 0.0855.
• RSI is not available, but momentum appears strong with no clear overbought exhaustion signs.

Wormhole/Tether (WUSDT) opened at 0.0769 on 2025-10-12 at 12:00 ET and closed at 0.0848 on 2025-10-13 at the same time, rising by 10.3% over the 24-hour period. Price reached a high of 0.0875 and a low of 0.0767. Total volume traded was 106,339,348.4, while notional turnover amounted to approximately 8,738,071.4 USDT. The move shows a clear bullish trend with key levels forming around 0.0835 and 0.0855.

Structure & Formations

Price action on the 15-minute chart displayed a textbook bullish breakout from a descending triangle pattern between 0.0815 and 0.0850. The pattern broke out with high conviction on October 13 between 09:45 and 10:00 ET, as price surged past the 0.0855 level on heavy volume. A bullish engulfing pattern was observed at 0.0835, indicating strong buying pressure. A key resistance at 0.0850–0.0860 is now in play, and a break above this could signal a continuation of the bullish trend.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, both rising in tandem with the price action. Price remains above both, indicating a continuation of the bullish momentum. On the daily chart, the 50/100/200 EMA alignment is still positive, with price sitting comfortably above the 200 EMA at 0.0790. This suggests the trend remains intact for now.

MACD & RSI

The MACD histogram has turned positive and is expanding, confirming the strength in the rally. The MACD line crossed above the signal line earlier in the 24-hour period, reinforcing the bullish signal. While RSI data is unavailable due to the ticker not being found in the technical database, the price action and volume suggest that momentum is strong but not yet exhausted.

Bollinger Bands

Volatility expanded significantly during the rally from 0.0815 to 0.0865, with the Bollinger Bands widening as price moved out of a consolidation phase. Price has now moved above the upper band at 0.0860, indicating strong bullish momentum. A contraction in the bands below 0.0830 earlier in the day preceded the breakout, which is often a sign of a potential reversal.

Volume & Turnover

Volume and turnover spiked sharply during the 09:45–10:00 ET window, coinciding with the breakout above 0.0855. This confirms the strength of the move and rules out a false breakout. The volume pattern shows no divergence with price, suggesting that the bullish move is supported by strong liquidity. Continued above-average volume would confirm the sustainability of the trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.0767 to 0.0875, price is currently testing the 61.8% retracement level at 0.0845. If it holds, this level could provide a temporary pause in the upward move, but a break above 0.0859 would confirm a deeper 78.6% retracement. On the daily chart, the 61.8% level at 0.0833 has already been tested and held, suggesting continued bullish potential.

Backtest Hypothesis

Given that the RSI indicator was unavailable for WUSDT, the backtest outlined in the provided strategy cannot be conducted in its current form. However, the observed momentum and volume patterns suggest that if RSI were available and showed overbought conditions, it would likely serve as a contrarian signal—similar to what is typically observed in equities and fiat crypto pairs. A future backtest using the correct ticker symbol could help validate whether overbought RSI levels in WUSDT are reliable indicators for entry or exit points. If the correct ticker is confirmed, the proposed strategy of identifying and acting upon overbought RSI events from 2022–2025 could be tested with high statistical rigor.