Worldcoin/Tether (WLDUSDT) Market Overview

• WLD/USDT dropped from 1.488 to 1.318 within 24 hours, driven by a large-volume selloff early on.
• A 9-hour bearish consolidation emerged, confirming oversold RSI and expanding volatility through Bollinger Band widening.
• Fibonacci levels at 1.336–1.323 showed temporary support, but failed to halt further downside.
• Notional turnover surged with price decline, suggesting institutional selling pressure.
• A potential bullish reversal pattern is forming near 1.306–1.311 after 22 hours of consolidation.

Worldcoin/Tether (WLDUSDT) opened at 1.481 on 2025-09-21 at 12:00 ET, reached a high of 1.488, and closed at 1.318 at 12:00 ET on 2025-09-22 after a sharp 9.4% decline. Total 15-minute volume over 24 hours was 106,428,074.4, with a notional turnover of $140,694,187. The price action reflects bearish exhaustion, particularly following a deep 15-hour bear flag pattern and a breakdown below critical moving averages.

Structure & Formations

Price traced a distinct bearish wedge between 1.488 and 1.312 over the first 12 hours, with key support levels identified at 1.464, 1.44, and 1.42. A significant bearish engulfing pattern formed at 04:15 ET (1.42–1.392), followed by a deep 9-hour consolidation from 04:15 to 14:15 ET. The most recent price action near 1.318 shows a potential bullish harami and a doji at 16:00 ET, indicating potential short-term reversal signals if buyers show up above 1.316.

Moving Averages

On the 15-minute chart, price closed below the 20- and 50-period moving averages, both of which are trending downward. On the daily chart, price remains below the 50-EMA and is approaching the 200-EMA at 1.345. The 100-EMA at 1.362 has acted as a resistance-turned-support line earlier in the day, now acting as a dynamic overhead resistance if price attempts a recovery.

MACD & RSI

The RSI hit oversold territory (23–25) between 06:15 and 15:15 ET, confirming bearish exhaustion, but has shown early signs of divergence with price near 1.311–1.317. MACD remained negative throughout, with a bearish crossover at 00:15 ET. The histogram has been narrowing since 14:00 ET, suggesting waning bearish momentum and potential reversal dynamics.

Bollinger Bands

Volatility expanded significantly from 00:45 to 04:15 ET, with price dropping from 1.458 to 1.392 within the lower band. Following that, volatility contracted during the consolidation phase from 04:15 to 14:15 ET. Price has now broken out of the lower band again, sitting just below the 2σ level at 1.325, suggesting potential for a bounce into the 1.335–1.340 zone.

Volume & Turnover

Volume surged at 04:15 ET (10,921,040) and again at 06:15 ET (10,642,807.4), coinciding with sharp selloffs below 1.42. Turnover confirmed these volume spikes, reaching $140M in total. However, volume has since normalized between 500k and 1.5M, indicating reduced seller participation and potential accumulation by buyers in the 1.302–1.316 range.

Fibonacci Retracements

On the 15-minute chart, the key Fibonacci levels of 38.2% (1.391) and 61.8% (1.336) were tested but failed. On the daily chart, the 61.8% retracement level at 1.336 held twice briefly but ultimately broke. The 50% retracement at 1.375 may now act as a resistance level if the price recovers above 1.336.

Backtest Hypothesis

Given the current setup, a potential short-term reversal strategy could be backtested using a combination of RSI divergence, Bollinger Band reversion, and volume confirmation. A long entry could be triggered upon a close above 1.316 with volume above 1.2M and a bullish MACD crossover. Stop-loss placement at 1.302 and take-profit targets at 1.326 (1.618% retracement) and 1.336 (38.2% retracement) could be tested over the next 72 hours to validate the pattern’s validity in high-volume environments.