Worldcoin/Tether (WLDUSDT) Market Overview for 2025-11-11

Summary
• WLDUSDT traded in a tightening range with key support around 0.795 and resistance near 0.810.
• Bullish momentum faded in late hours, with RSI signaling oversold conditions near 30.
• Volatility dipped below Bollinger Bands midrange, signaling a potential consolidation phase.

Worldcoin/Tether (WLDUSDT) opened at 0.811 on 2025-11-10 and closed at 0.800 on 2025-11-11, reaching a high of 0.844 and a low of 0.794. The total 24-hour trading volume was approximately 54.6 million tokens, translating into a notional turnover of around $43.4 million (using average price of ~$0.80). Price action remains within a descending channel, with bearish bias gaining short-term traction.

The 20-period and 50-period moving averages on the 15-minute chart remained above the current price, reinforcing the downward bias, while the daily chart showed the 50-period MA still above the 100-period and 200-period, indicating medium-term bearish momentum. The MACD crossed below the signal line during the early morning session, reflecting a bearish crossover. RSI dipped into oversold territory around 30 at the end of the 24-hour window, suggesting possible near-term buying interest.

Bollinger Bands showed a moderate contraction during the night session, with price testing the lower band and bouncing slightly, hinting at a possible short-term reversal. Volume distribution remained mixed, with a spike in turnover during the 3 a.m. to 6 a.m. ET period, but price failed to follow through. This divergence between volume and price may indicate waning conviction in the bearish move. Fibonacci retracements of recent 15-minute swings pointed to key levels at 0.796 (38.2%) and 0.791 (61.8%) as potential support.

The 50-period and 100-period moving averages on the daily chart currently stand at 0.817 and 0.813, respectively. The 200-period MA, at 0.824, acts as a strong resistance. Price closed below the 50-day MA, confirming a bearish crossover. MACD remained in negative territory with a bearish histogram, while RSI on the daily chart hovered near 45, indicating moderate bearish momentum. Bollinger Bands showed an expansion during the afternoon and early night sessions, with price staying within the midrange, suggesting a continuation of the current consolidation.

Backtest Hypothesis

The provided backtesting strategy evaluated a simple 1–3-day holding period approach from January 2022 to November 2025, showing a total return of 101.9% and an annualized return of 38.6%. Despite a significant maximum drawdown of -47.5%, the Sharpe ratio of 0.62 suggests moderate risk-adjusted performance. The strategy's positive average trade of +2.05% and high volatility highlight its aggressive nature—particularly useful in markets with strong directional momentum.

Given the current technical setup, where WLDUSDT is consolidating near key Fibonacci levels and RSI is showing oversold conditions, the backtest suggests that entering on a break above 0.804 with a stop-loss below 0.795 could be a viable short-term approach. However, traders should remain cautious, as volume divergence and bearish momentum indicators suggest the trend could resume downward, especially if resistance at 0.810 fails to hold.