World Liberty Financial USD/Tether Market Overview

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• USD1USDT traded in a tight range, with price fluctuating between 0.9996 and 1.0, showing minimal directional bias.
• A bearish momentum was noted in late ET morning with a pullback to 0.9997, but strength returned in the afternoon.
• Volume remained steady through the session with no clear spike or divergence between volume and price.
• RSI hovered in neutral territory while MACD showed no clear divergence or convergence.

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World Liberty Financial USD/Tether (USD1USDT) opened at 1.0 on 2025-09-23 at 12:00 ET and closed at 0.9997 on 2025-09-24 at 12:00 ET. The 24-hour range was between 0.9996 and 1.0. Total volume reached 67,983,838.0 and notional turnover amounted to 67,289.699 (amount x price). The pair exhibited a relatively flat price profile with frequent consolidation.

Structure & Formations

Over the 24-hour period, USD1USDT remained tightly confined between 0.9996 and 1.0, with no breakout attempt and minimal trend development. A few key consolidation zones emerged, particularly between 0.9997 and 1.0, acting as both support and resistance. A few bearish engulfing patterns appeared in the early morning, while bullish doji were visible during the afternoon, indicating indecision among traders.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages remained closely aligned, with the price frequently crossing over both. This suggests a lack of strong directional momentum and reinforces the sideways bias. On the daily chart, the 50, 100, and 200-period moving averages were near 1.0, with the price hovering around these levels, showing no clear short-term trend.

MACD & RSI

The MACD remained in a neutral to slightly bearish territory, with no clear divergence in the histogram. The RSI oscillated between 48 and 53 for most of the session, staying within the 50 benchmark. This suggests a lack of overbought or oversold conditions, and that the market remained in a state of equilibrium with no strong momentum to push it in either direction.

Bollinger Bands

Volatility remained relatively low throughout the session, with Bollinger Bands narrowing slightly in the morning and expanding slightly in the late afternoon. Price remained within the bands for the majority of the time, with occasional touches of the upper and lower bands, but no clear breakouts or contractions that signaled a shift in volatility.

Volume & Turnover

Trading volume was consistent throughout the session, with no clear spikes indicating large institutional participation or a sharp shift in sentiment. Notional turnover also remained flat, with no divergences between price and volume. This supports the interpretation of a consolidating, range-bound market without strong directional intent.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swings, the key retracement levels of 0.9997 (61.8%) and 0.9998 (38.2%) were observed as potential support and resistance areas. The daily chart showed similar levels aligning with the 0.9997-1.0 range, suggesting that any move beyond these levels could indicate a shift in sentiment.

Backtest Hypothesis

A potential backtesting strategy for USD1USDT would involve using a combination of the 50-period moving average and RSI for entry and exit signals. Long positions could be triggered when price crosses above the 50-period MA and RSI moves above 50, while short positions could be triggered when price crosses below the 50-period MA and RSI drops below 50. Stop-loss levels could be placed at recent swing lows for longs and recent swing highs for shorts. This setup would be best tested during periods of consolidation like the one observed, as it could help capture small directional moves amid sideways price action.