Worldcoin/Tether Market Overview for 2025-09-20

• WLD/USDT declined 1.1% over 24 hours, closing near key support at 1.500–1.505.
• Volatility expanded as price moved between 1.484 and 1.535, with sharp volume spikes in late ET.
• Overbought RSI levels emerged after 12:00 ET as price surged to 1.535, followed by immediate reversal.
• Bollinger Bands widened, indicating increased short-term uncertainty and potential for continuation.
• A bullish engulfing pattern appeared at 1.500–1.503, suggesting short-term reversal potential.

Worldcoin/Tether (WLDUSDT) opened on 2025-09-19 at 12:00 ET at 1.519, reached a high of 1.535, and closed at 1.520 on 2025-09-20 at 12:00 ET. The total 24-hour trading volume amounted to 24,873,858.4 units, with a notional turnover of $37,656,316.10. Price action displayed a bearish reversal trend, with notable resistance at 1.525–1.530 and support at 1.500–1.505.

The 15-minute chart shows a bearish bias after 2:00 AM ET, with price failing to retest the 1.535 high. A 20-period moving average (15-min) crossed below the 50-period, signaling short-term bearish momentum. The 50-period daily MA is near 1.510, with the 200-period MA acting as a potential long-term support.

MACD crossed into negative territory around 10:00 AM ET, confirming bearish divergence in late ET hours. RSI hit overbought levels near 70 at 1.535, followed by a rapid drop into oversold territory below 30 at 1.484, indicating strong price swings. Bollinger Bands expanded as price moved toward the upper and lower extremes, hinting at potential breakouts or retests of key levels.

Fibonacci retracement levels at 1.513 (38.2%), 1.508 (50%), and 1.504 (61.8%) played a key role in price behavior over the past 24 hours. A bullish engulfing pattern formed near 1.500–1.503, suggesting potential for a short-term rebound. Volume increased significantly during the 1.500–1.510 price range, confirming accumulation near the key support zone.

The backtest hypothesis builds on the observed Fibonacci and candlestick patterns. A long entry is triggered on a bullish engulfing pattern forming near the 61.8% Fibonacci level (1.504) with confirmation on the next candle closing above 1.505. A stop-loss is placed below the 1.500 support, with a take-profit target at 1.525–1.530. The strategy also integrates RSI divergence: a long entry is triggered when RSI moves from oversold to overbought without a corresponding price breakout, signaling a potential reversal in a range-bound environment.