WLDUSDT Market Overview: 24-Hour Analysis for 2025-09-24

• Price declined from $1.36 to $1.306 amid heavy volume in overnight trading.
• A bearish engulfing pattern formed at $1.35, followed by a sharp breakdown below key support.
• RSI and MACD signaled bearish momentum with bearish divergence observed in late session.
• Volatility spiked overnight due to a large volume spike below $1.316, suggesting capitulation.

Worldcoin/Tether (WLDUSDT) opened at $1.35 at 12:00 ET−1 and closed at $1.349 by 12:00 ET. The pair reached a high of $1.36 and a low of $1.302 over the 24-hour period, showing a significant bearish bias. Total volume amounted to approximately 40,628,497.9 units, with a notional turnover of around $53,440,160. The price action and volume suggest a strong bearish move after a key resistance break.

The 15-minute chart reveals a breakdown below a critical support level at $1.316, confirmed by a large bearish candle and a volume spike. A bearish engulfing pattern formed at $1.35, followed by a long bearish candle confirming the breakdown. The 20-period and 50-period moving averages on the 15-minute chart crossed below the price, reinforcing the bearish trend. On the daily chart, price remains below the 50/100/200 MA lines, confirming medium-term bearish momentum.

MACD turned negative and crossed below zero in overnight trading, indicating waning bullish momentum. RSI dropped into oversold territory at 27.6 in the morning session before recovering slightly but failing to close above 30. Bollinger Bands widened overnight as price dropped below the lower band, suggesting elevated volatility. A contraction of the bands in the morning did not reverse the trend, as price failed to retrace significantly.

Fibonacci retracement levels show a 61.8% retracement level around $1.306, which coincided with the overnight low, suggesting a potential short-term support. The 38.2% retracement at $1.329 appears to be a minor resistance. Volume and turnover diverged in the final hours of the session, with declining price and rising volume signaling potential short-term capitulation. Investors should watch for a test of $1.306 and whether it holds or breaks in the next 24 hours.

Backtest Hypothesis
Given the bearish engulfing pattern at $1.35 and the subsequent breakdown below key support at $1.316 with strong volume, a backtest strategy could involve a short entry at $1.325 with a stop-loss above $1.34 and a target of $1.302. The RSI and MACD divergence in the morning session could serve as confirmation of the breakdown and provide a secondary signal to reinforce the short bias. Using Fibonacci levels, a 61.8% retracement at $1.306 offers a potential exit or stop point. This approach would align with the observed momentum and volume dynamics, particularly if the breakdown is confirmed by a closing candle below $1.316.