Worldcoin/Tether (WLDUSDT) Market Overview

• WLDUSDT declines sharply from 1.362 to 1.242 in 24 hours, with volatility expanding significantly.
• Key support levels at 1.260–1.280 appear repeatedly tested, suggesting accumulation potential.
• Volume peaks in early morning ET signal strong selling pressure, followed by waning momentum in late day.
• RSI remains in oversold territory for much of the period, hinting at potential reversal.
• Bollinger Bands widen overnight, reflecting heightened uncertainty and potential for continuation or reversal.

At 12:00 ET–1 on 2025-09-24, WLDUSDT opened at $1.351 and closed at $1.242 by 12:00 ET on 2025-09-25, hitting a high of $1.362 and a low of $1.225. Total volume was 10,472,958.3 and total turnover was $12,868,489. The pair experienced a sharp and sustained decline, marked by heavy volume selling in early hours and a gradual consolidation toward the close.

Structure & Formations

The 15-minute chart reveals a bearish continuation pattern throughout the session, with a strong breakdown from the prior resistance cluster around 1.340–1.350. A bearish engulfing pattern formed early in the morning (03:00–04:15 ET), confirming the breakdown. A doji appeared in the 04:30–04:45 ET window near $1.29–1.30, indicating hesitation. Key support levels emerged at 1.260 and 1.280, where price found temporary buyers multiple times.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both trended downward, reinforcing the bearish bias. On the daily chart, the 50/100/200-day SMAs are in a descending order, with WLDUSDT trading below all, suggesting a longer-term bearish setup. The price is unlikely to retest the 50-day MA in the next 24 hours without a strong reversal from current levels.

MACD & RSI

The MACD histogram turned bearish and remained negative for the majority of the session, with a sharp divergence between price and momentum after 04:00 ET. The RSI remained below 30 for extended periods, signaling oversold conditions. However, price failed to generate a strong rebound, suggesting sellers may still hold the initiative. A potential oversold bounce is expected if buyers enter at 1.240–1.250, but confirmation above 1.270 would be needed to suggest a reversal.

Bollinger Bands

Volatility expanded sharply from 03:00–06:00 ET as WLDUSDT moved from 1.330 down to 1.265. Price remained below the lower band for much of the session, especially after 04:30 ET. This suggests a period of heightened uncertainty and potential for a bounce or a continuation lower. If the 20-period Bollinger Band contracts again, it could signal a potential reversal point, though the current bearish momentum suggests a continuation lower is more likely.

Volume & Turnover

Volume spiked early in the morning, particularly between 04:00–06:00 ET, as price moved from 1.314 to 1.290 and then to 1.272, signaling aggressive selling. Turnover was strongest during the 04:30–06:00 ET window, with massive notional volume as price dipped to 1.260. In contrast, late-day volume diminished, suggesting a lack of follow-through buying. A divergence between price and volume appears at the 07:00–09:00 ET window, where price rose but volume failed to confirm strength.

Fibonacci Retracements

Applying Fibonacci to the 1.362–1.225 swing, key levels include 1.273 (23.6%), 1.267 (38.2%), and 1.260 (50%). Price found temporary support near 1.260, aligning with the 50% retracement level. The 61.8% level is at 1.242, which is close to the current close price, suggesting that a reversal at this level may require strong bullish confirmation to avoid further decline.

Backtest Hypothesis

The backtest strategy involves entering a long position when price closes above the 50-period moving average on the 15-minute chart, with a stop-loss set below the 20-period moving average and a take-profit at the nearest Fibonacci retracement level. Conversely, a short position is triggered when price closes below the 20-period moving average, with a stop above the 50-period and a target at the next key support level. Given WLDUSDT’s current position below both averages and recent bearish momentum, this strategy would have triggered a short position with a target near 1.240–1.225. However, the lack of confirmation above 1.270 suggests that the short bias may remain valid in the next 24 hours.