World Liberty Financial/Tether Market Overview (WLFIUSDT)

• Price surged from 0.2144 to 0.2242 on 24-hour 15-min chart
• 61.8% Fibonacci level at 0.2211 acted as key resistance
• RSI hit overbought territory during late-night bullish rally
• Volume spiked during 0.22–0.2242 move, confirming strength
• Bollinger Band width expanded as volatility increased

At 12:00 ET–1 on September 17, World Liberty Financial/Tether (WLFIUSDT) opened at 0.2144. The price reached a high of 0.2242, fell to a low of 0.2072, and closed at 0.2201 at 12:00 ET on September 18. The 24-hour total volume amounted to 660,082,255.5 and notional turnover reached $138,427,818.42, showing strong trading interest.

The price structure over the past 24 hours revealed a bullish breakout from a consolidation range between 0.2140 and 0.2170, which led to a sharp upward move. A key support level formed around 0.2140, and a 61.8% Fibonacci retracement level at 0.2211 was briefly tested as resistance before the price continued upward. Several bullish engulfing and inside bar patterns emerged during the upward phase, reinforcing the positive momentum. A notable 15-minute doji appeared at 20:45 ET on September 17, hinting at short-term indecision.

On the 15-minute chart, the 20-period and 50-period moving averages both moved higher, with price holding above both. The 20-period line crossed above the 50-period line, indicating a potential short-term bullish bias. The MACD crossed into positive territory at 20:30 ET on September 17, with a strong bullish divergence between price and histogram. The RSI hit overbought territory above 70 multiple times between 21:00 and 23:30 ET, indicating aggressive buying during the rally. Volatility spiked as Bollinger Bands widened, with price reaching the upper band multiple times, suggesting heightened uncertainty and strong directional momentum.

Volume and notional turnover increased significantly during the breakout phase, confirming the price action. Notably, the 0.2140–0.2242 rally saw a 2–3x increase in volume compared to earlier periods, suggesting strong institutional participation. The divergence between price and volume was minimal, which supports the reliability of the bullish move. The 61.8% Fibonacci level at 0.2211 also coincided with a short-term resistance area from previous consolidation, reinforcing its significance as a potential turning point.

The backtest strategy outlined involves identifying short-term bullish divergences in the RSI and confirming them with volume increases. During the 22:30–23:30 ET period, a clear overbought RSI divergence formed alongside a volume surge. This could be used as an entry trigger for a short-term long trade. The strategy would then target the next key Fibonacci extension level at 0.2255 while placing a stop-loss just below the 0.2190 support level.