Market Overview for Wormhole/Tether (WUSDT)

Summary
• Price action formed a bullish engulfing pattern near 0.0388 during a 5-minute rally.
• RSI signaled overbought conditions near 70, followed by a pullback toward mid-range levels.
• Volatility expanded significantly between 22:15 and 00:00 ET, with a 20% spike in turnover.
• A 20-period moving average crossed above 0.0380, suggesting short-term upward bias.
• Bollinger Bands widened, with price testing the upper band during the 22:15 surge.

Wormhole/Tether (WUSDT) opened at 0.0375 on January 13, 2026, hit a high of 0.0403, and closed at 0.0391 by 12:00 ET on January 14, 2026. The 24-hour volume was 11,608,409.8, with a notional turnover of 433,728.66.

Structure & Formations

Price formed a bullish engulfing pattern near 0.0388, suggesting a short-term reversal after a sharp rally. A key support level appears to have held at 0.0374, with a subsequent bounce. A doji formed near 0.0391, indicating indecision at the peak.

Moving Averages and MACD

The 20-period MA crossed above 0.0380 around 18:30 ET, reinforcing a bullish bias. The MACD histogram turned negative after the 22:15 surge, suggesting weakening momentum.

RSI and Bollinger Bands

RSI peaked at 70 during the 22:15 high, then retreated toward mid-range levels, indicating a potential pullback. Bollinger Bands widened during the 22:15–00:00 ET period, with price reaching the upper band.

Volume and Turnover

Volume spiked sharply during the 22:15–23:00 ET window, particularly at the 22:15 high, where volume surged to 12,158,006.9. Notional turnover followed a similar trend, indicating strong conviction in the rally.

Fibonacci Retracements

A 5-minute retracement level at 0.0388 (61.8% of the 18:30–22:15 rally) held as support, with price consolidating after this level.

Wormhole/Tether may continue to consolidate near 0.0390–0.0386 in the short term, with a potential test of the 0.0374 support level expected if momentum weakens. Investors should remain cautious as overbought conditions and recent volatility increase the risk of a short-term correction.