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

• WLDUSDT traded in a tight range with a minor 0.34% gain, closing at 1.198 after a 1.206 intraday high.
• Volatility remained muted, with Bollinger Bands indicating consolidation and no clear directional bias.
• RSI hovered near the 50 midpoint, suggesting indecision; no overbought or oversold conditions observed.
• Volume surged in late trading but failed to confirm a strong move, signaling potential exhaustion.
• A bullish engulfing pattern emerged after a pullback, hinting at possible short-term reversal.

Worldcoin/Tether (WLDUSDT) opened at 1.191 on 2025-10-09 at 16:00 ET and closed at 1.198 at 12:00 ET the following day, with a high of 1.206 and a low of 1.183. Total volume amounted to approximately 10,634,272.7 units, and notional turnover reached $12,691,703. The pair displayed a narrow trading range with mixed momentum signals.

Structure & Formations

The price pattern revealed a key support level forming around 1.190–1.192, where multiple 15-minute candles found buying interest. A bullish engulfing pattern appeared around 18:00 ET as price rebounded from a small pullback, suggesting potential short-term bullish pressure. However, the presence of multiple doji-like candles in the 19:15–20:00 ET window signaled indecision and potential exhaustion in momentum. A prior high at 1.203 acted as resistance, limiting upward movement on several occasions.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, hovering around 1.195–1.197. This suggested a relatively flat trend without a clear bias. On the daily chart, the 50-period and 100-period moving averages were converging, with the 50 SMA above the 100 SMA, indicating a mildly bullish setup. The 200-period SMA, however, remained below the price, suggesting that a sustained breakout may still require stronger momentum.

MACD & RSI

The MACD histogram showed a slight positive divergence in the latter half of the session, suggesting a tentative increase in bullish momentum. The RSI remained in the neutral range, fluctuating between 48 and 52, with no clear overbought or oversold signals. While this indicated no extreme conditions, it also pointed to a lack of conviction in either direction, with buyers and sellers remaining balanced.

Bollinger Bands

Price action remained within a narrow Bollinger Band range for much of the session, with the bands themselves showing little expansion. The 1.190–1.203 corridor represented the 1σ range, while price touched the upper band twice but failed to break through. A contraction in volatility was observed during mid-session hours, followed by a slight expansion in the final hours, indicating increased trader activity without a definitive directional bias.

Volume & Turnover

Trading volume surged in the 19:30–20:30 ET window, coinciding with a minor pullback in price and a consolidation phase. Notional turnover followed a similar pattern, with a peak of $256,605 at 19:30 ET. Despite the increased activity, price failed to move decisively, suggesting a lack of conviction among traders. This divergence between volume and price may indicate a potential reversal point or a temporary pause in trend development.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 1.183 to 1.206, the 61.8% retracement level sat at 1.193, which aligned with a support area observed earlier in the session. Price briefly tested this level but bounced off, suggesting it may hold as a short-term floor. On the daily chart, the 38.2% and 50% retracement levels are positioned at 1.206 and 1.201, respectively, both of which appear to have been rejected in recent trading.

Backtest Hypothesis

A potential backtest strategy could involve a mean-reversion setup triggered when price closes below the 20-period SMA with increasing volume, followed by a reversal candlestick pattern such as a bullish engulfing or a hammer. The trigger would be a close above the 20-period SMA, with a target set at the 61.8% Fibonacci retracement level and a stop loss placed below the prior session’s low. Given the recent volatility patterns and the presence of key support levels, this strategy may perform best in a low-volatility environment where consolidation precedes a breakout.