Worldcoin/Tether Market Overview (WLDUSDT): 24-Hour Candlestick Breakdown

• Price action showed a late-night rally capped by resistance near 0.829, followed by consolidation.
• Momentum indicators suggest overbought conditions have faded, but downward pressure appears limited by key support.
• Volatility has declined from earlier peaks, with volume concentrated in the final 15-minute candle.
• Turnover diverged slightly with price during early consolidation, hinting at reduced conviction in bearish bias.
• A bullish engulfing pattern and Fibonacci 61.8% level at 0.801 could signal short-term stabilization.

Worldcoin/Tether (WLDUSDT) opened at 0.804 on 2025-10-31 12:00 ET and reached a high of 0.895 at 08:15 ET before settling at 0.866 as of 12:00 ET today. Total volume over 24 hours was 24,741,364.95 units, while notional turnover reached $20,855,705.39. A late-night surge capped the 0.829 resistance before a pullback to consolidate around 0.865–0.875.

Structure & Formations

The 24-hour chart highlights a strong bullish engulfing pattern forming at 0.801–0.812 after an initial bearish phase. This pattern coincides with the 61.8% Fibonacci retracement level of the early morning drop. Key support levels to monitor include 0.801 and 0.796, while resistance is at 0.829 and 0.842. A bearish pinocchio doji appears near 0.829, suggesting exhaustion in the upward move.

Moving Averages

On the 15-minute chart, the 20-EMA (0.806) and 50-EMA (0.802) are in bullish alignment, with price hovering just above. Daily averages show the 50-EMA (0.811) and 100-EMA (0.813) converging, while the 200-EMA (0.814) remains a distant resistance. Price action has begun to align with the 200-EMA, signaling a potential short-term equilibrium.

MACD & RSI

The MACD crossed into positive territory in the early morning, confirming a short-term bullish bias. However, the RSI (77 as of 12:00 ET) suggests overbought conditions have emerged, indicating caution. The MACD histogram is narrowing, suggesting momentum may be stalling after the 0.895 peak. A return to neutral RSI levels (55–65) could suggest a healthy consolidation.

Bollinger Bands

Volatility expanded significantly during the early morning rally, with price reaching the upper band at 0.895 before retracing. Currently, the 20-period BB midline is at 0.834, with price trading slightly above the lower band, signaling reduced volatility. A break above the midline could indicate renewed bullish momentum, while a drop below the lower band would raise bearish concerns.

Volume & Turnover

Volume spiked at the 08:15 ET candle (1548564.0 units) coinciding with the 0.895 high, indicating strong short-term buying pressure. However, subsequent volume has declined, with turnover diverging slightly during the consolidation phase. Notional turnover has dropped from its peak of $4,282,950.00 to $1,011,057.00 in the final hour, suggesting reduced conviction in both bullish and bearish movements.

Fibonacci Retracements

Fibonacci levels on the recent 15-minute swing show 61.8% retracement at 0.801 and 38.2% at 0.837. Price is consolidating near the 61.8% level, which may act as short-term support. On the daily chart, the 61.8% level at 0.856 appears to be a critical pivot point. A break above 0.856 could target 0.872–0.895, while a retest of 0.801 would test the validity of the bullish reversal.

Backtest Hypothesis

While the WLDUSDT chart suggests a potential short-term stabilization at key Fibonacci and moving average levels, the performance of a similar strategy on a traditional ETF (HOLD) highlights the importance of trade duration and entry refinement. In that case, a “MACD Golden Cross – Hold 1 Day” strategy yielded minimal returns, underscoring the need for longer holding periods or additional filters. For WLDUSDT, combining MACD and RSI signals with Fibonacci and volume analysis may provide better entry and exit signals. Testing extended holding periods or layering in trend confirmation (e.g., price above 50-day MA) could enhance results.