Worldcoin/Tether Market Overview for 2025-11-10

Summary
• Price climbed from 0.814 to a 24-hour high of 0.846 before consolidating.
• Volume surged near the peak, confirming the bullish breakout.
• RSI showed overbought conditions, hinting at short-term profit-taking.
• Bollinger Bands tightened mid-session before a sharp expansion.
• Turnover exceeded $12.3 million, signaling increased institutional interest.

The 24-hour candle for Worldcoin/Tether (WLDUSDT) opened at 0.814 on 2025-11-10 and reached a high of 0.846 before settling at 0.838 at 12:00 ET. Total volume across the 24-hour period was 19,844,311.4 units, with a notional turnover of approximately $16.3 million. The price action reflected strong buying interest after 09:00 ET, with the formation of a bullish flag pattern following the morning breakout.

Structure & Formations

The chart showed a key support level forming around 0.816, with a cluster of bearish candles reinforcing this level. A bullish flag pattern developed between 09:00 and 12:00 ET, marked by consolidation after the morning high. A doji at 09:30 ET signaled indecision, but a follow-through break above 0.835 suggested renewed bullish momentum.

Moving Averages

Short-term bullish bias was confirmed by the 20-period and 50-period EMA lines on the 15-minute chart. Both lines crossed above the price around 08:45 ET, supporting the upward move. The 50-period and 100-period daily EMA lines were converging, suggesting a potential turning point in the medium-term trend.

MACD & RSI

The MACD line crossed above the signal line at 08:45 ET, confirming the bullish breakout. RSI peaked at 72, indicating overbought conditions and raising the possibility of a short-term pullback. However, the RSI divergence remained positive, with the oscillator not showing bearish exhaustion.

Bollinger Bands

Bollinger Bands tightened during consolidation between 09:00 and 10:00 ET before expanding sharply following the breakout. The price closed at 0.838, well above the middle band, reinforcing the bullish momentum.

Volume & Turnover

Volume spiked near the 09:30 ET session high, with a 15-minute candle showing 1,193,643 units traded—over 6% of the 24-hour total. The notional turnover confirmed the volume increase, with the 09:30 ET candle accounting for over $800,000 in turnover. Price and volume aligned well, showing no divergence.

Fibonacci Retracements

Fibonacci retracement levels from the recent swing low (0.81) to high (0.846) indicated key support at 0.829 (38.2%) and 0.821 (61.8%). Price held above 0.829 for most of the session, suggesting short-term resilience. A close below 0.829 could trigger a retest of the 0.816 support zone.

Backtest Hypothesis

Given the overbought RSI readings and strong volume confirmation, a backtesting strategy using RSI-based signals could provide insights into the effectiveness of trend-following or mean-reversion logic. A typical approach might involve generating buy signals when RSI crosses above 70 and selling at the next close. This strategy could be tested on WLDUSDT from 2022-01-01 through 2025-11-10 to evaluate its performance under different market conditions.