Market Overview for Wormhole/Tether (WUSDT): Bullish Momentum Amid Volatility

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Saturday, Jan 17, 2026 10:59 pm ET1min read
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Aime RobotAime Summary

- WUSDT formed a bullish engulfing pattern near 0.0360, breaking above 0.0368 with strong buying interest.

- RSI hit overbought levels (>70) and Bollinger Bands tightened before the breakout, signaling momentum exhaustion risks.

- Volume surged 2.8x during the 14:45–15:00 ET rally, confirming the 0.0368 breakout with 388k contracts traded.

- Price tested 0.0368 twice and closed near 61.8% Fibonacci (0.0372), suggesting potential continuation toward 0.0376.

- A pullback below 0.0365 could trigger consolidation, while RSI divergence might signal bearish reversal risks.

Summary
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WUSDT
formed a bullish engulfing pattern near 0.0360, indicating potential reversal.
• Volatility expanded through 0.0372 with a 1.3% price swing and increased notional turnover.
• RSI moved into overbought territory above 70, signaling potential near-term exhaustion.
• Bollinger Bands showed a tight pre-breakout contraction before the 0.0368 breakout.
• Volume surged 2.8x above 24-hour average during the 14:45–15:00 ET rally.

Wormhole/Tether (WUSDT) opened at 0.0361 on 2026-01-16 12:00 ET, reached a high of 0.0374, fell to a low of 0.0357, and closed at 0.0368 at 2026-01-17 12:00 ET. Total volume traded was 21,659,968.8 with notional turnover of 780,775.08.

Price Action and Structure


The 24-hour period saw WUSDT oscillate between key psychological levels, forming a bullish engulfing pattern at 0.0360 and a high-volume breakout above 0.0368. Price tested 0.0368 twice before closing at that level, suggesting growing buying interest. A minor support level formed around 0.0361–0.0363, with a shallow pullback after the 0.0372 peak.

Momentum and Volatility


RSI climbed to overbought levels above 70 in the final hours, indicating potential for a near-term pause. MACD crossed into positive territory, confirming the uptrend. Bollinger Bands showed a tightening phase before the 0.0368 breakout, signaling a breakout phase. Volatility expanded by 1.3% as the price moved from 0.0365 to 0.0374.

Volume and Turnover


Volume surged during the 14:45–15:00 ET session, with 388,197.9 contracts traded at a peak high of 0.0371. Turnover during that period was 14,350.92, representing a 3.7x increase compared to the average hourly turnover. Price and volume aligned well during the key breakout move, adding credibility to the move.

Fibonacci and Key Levels


The recent 0.0361–0.0374 swing saw WUSDT retest the 38.2% Fibonacci level (0.0369) before closing near the 61.8% level (0.0372). The 0.0368 level appears to have transitioned from resistance to support, with a potential next target at 0.0376.

Looking ahead, WUSDT may consolidate around 0.0368–0.0370 before testing the 0.0376 level. However, a pullback below 0.0365 could signal a temporary pause in the rally. Investors should watch for divergence between RSI and price as a potential early bearish signal.