Market Overview: Wormhole/Tether (WUSDT) – 24-Hour Summary (2026-01-09)

Summary
• Price fluctuated between 0.0358–0.0375, forming bullish and bearish reversal patterns around key levels.
• Momentum wavered, with RSI showing overbought conditions in late trading and bearish divergence in volume.
• Volatility spiked after 15:30 ET with a large-volume bullish break above 0.0369, followed by a consolidation phase.

WUSDT opened at 0.0365 on 2026-01-08 12:00 ET, hit a high of 0.0375, a low of 0.0358, and closed at 0.0365 as of 12:00 ET on 2026-01-09. Total 24-hour volume was 19,376,492.7, with notional turnover of 701,472.3.

Structure & Formations

Price remained in a tight range between 0.0361–0.0369 for most of the session, breaking above into a 0.0369–0.0375 zone with a strong bullish candle at 15:30 ET. A bearish engulfing pattern formed around 0.0373–0.0369 later in the session, suggesting potential resistance consolidation. A doji at 0.0369 may indicate indecision.

Moving Averages and Momentum

On the 5-minute chart, price hovered around the 20-period MA for most of the session before crossing above it. The 50-period MA remained slightly bearish. RSI peaked at overbought (72) near 16:00 ET but failed to maintain the level, with a bearish divergence noted in the final 90 minutes. MACD remained neutral but showed a fading bullish signal toward the close.

Volatility and Volume

Volatility expanded sharply after 15:30 ET as WUSDT surged past 0.0370 on a massive 2.07M-volume candle. This was followed by a pullback with elevated volume, confirming the bearish reversal. Notional turnover aligned with the volume spike, with no significant divergence observed.

Bollinger Bands and Fibonacci Retracements

Price reached the upper Bollinger Band at 0.0373 before retreating, suggesting a temporary overextension. On the 5-minute swing, a 61.8% Fibonacci retracement at 0.0369 served as a key support-turned-resistance level. The 38.2% level at 0.0372 also acted as resistance during the late surge.

WUSDT appears to be consolidating after a brief breakout, with key resistance at 0.0370–0.0373 and support at 0.0365. A sustained move above 0.0373 could invite further buying, while a retest of 0.0363 could trigger bearish momentum. Investors should monitor volume for confirmation or divergence in the next 24 hours.