Market Overview for Wormhole/Tether (WUSDT)

Summary
• Price formed key support near 0.0360, with 0.0374–0.0375 acting as resistance.
• Strong volume surge and divergence in turnover signaled bearish exhaustion.
• RSI approached overbought territory near close, suggesting potential pullback.
• Volatility expanded with wide swings, especially after 14:15 ET, indicating increased risk.

Wormhole/Tether (WUSDT) opened at 0.037 on 2025-12-14 at 12:00 ET, reached a high of 0.0388, and closed at 0.0374 at 12:00 ET on 2025-12-15. Total volume for the 24-hour window was 59.9 million, with notional turnover of 2,167,600 USDT.

Structure & Formations

Price tested key support at 0.0360 multiple times and formed a bullish engulfing pattern near 0.0362–0.0363. A bearish divergence in price and volume occurred after 14:15 ET when price surged to 0.0388, but volume declined sharply. A doji formed around 0.0373–0.0374, suggesting indecision.

Moving Averages and Momentum

On the 5-minute chart, price closed above the 20-period and 50-period moving averages, showing short-term bullish bias. RSI moved into overbought territory near the 14:15–14:30 ET high, hinting at possible reversal. MACD showed a weakening bullish momentum as the histogram began to contract after 16:00 ET.

Volatility and Bollinger Bands

Volatility spiked with the Bollinger Band width expanding as price hit the upper band before 14:30 ET. After the high, price retraced sharply into the lower band, indicating a possible exhaustion of the rally.

Volume and Turnover

Volume spiked sharply during the 14:15–14:30 ET window, but turnover failed to confirm the rally, showing a divergence. Turnover reached its peak at 14:30 ET (9.29 million USDT) but declined sharply afterward.

Fibonacci Retracements

A 5-minute swing from 0.0360 to 0.0388 saw price retest the 61.8% level at 0.0375, which acted as a temporary barrier. On the daily chart, the 61.8% level at 0.0363–0.0365 appears as a critical support zone.

Forward-looking, WUSDT appears to be in a consolidation phase after a sharp rebound. A break below 0.0363 could signal further downward pressure, but buyers may step in near 0.0360. Investors should remain cautious about potential volatility swings in the next 24 hours.