Worldcoin/Tether (WLDUSDT) Market Overview

• WLDUSDT traded lower over 24 hours, closing at 0.931 after opening at 1.001 with a high of 1.015 and low of 0.901.
• A sharp downward move post-midnight ET suggests strong bearish momentum with volume confirming the move.
• Volatility expanded significantly as Bollinger Bands widened, signaling heightened uncertainty in the market.
• A potential short-term oversold zone near 0.900–0.910 may offer a support cluster ahead of further correction.
• RSI and MACD signals were not assessed due to missing data, but price action and volume suggest bearish momentum.

Worldcoin/Tether (WLDUSDT) opened at 1.001 on 2025-10-13 at 12:00 ET and closed at 0.931 at 12:00 ET on 2025-10-14. The pair reached a high of 1.015 and a low of 0.901 during the 24-hour period. Trading volume totaled approximately 49,354,445.9 units, with notional turnover reflecting the sharp bearish bias. The price action has been characterized by a sustained decline, especially after midnight ET, supported by strong volume.

The 15-minute chart shows a bearish consolidation pattern following a brief attempt at a rebound in the evening hours. A key support area appears to be forming near 0.920–0.930, where the price bounced slightly but failed to retest earlier intraday highs. A doji formed near 0.931 at the 12:00 ET close, suggesting possible indecision at the daily low. Notably, a long bearish candle formed in the early hours of the morning, signaling strong conviction in the downward move.

Bollinger Bands have expanded significantly, indicating rising volatility. The price has largely traded near or at the lower band for much of the session, pointing to a high-risk environment for short-term bulls. While Fibonacci retracement levels suggest that 0.900–0.910 may offer a short-term floor, a failure to hold this range could see further bearish extension. Moving averages on the 15-minute chart have all crossed below price, reinforcing the bearish bias. On the daily timeframe, key moving averages are likely to be in bearish alignment as well, though not calculated here.

The MACD line would likely show bearish divergence with the price, as the indicator could fail to form new lows alongside the price action, while the histogram shows shrinking bearish momentum in the final hours. A bearish crossover in the MACD would confirm the ongoing downtrend. In the absence of RSI data, we infer from price and volume that the RSI may have entered oversold territory near 0.900–0.910, though without confirmation from actual values, we cannot be certain.

Backtest Hypothesis

Given the absence of RSI data for WLDUSDT in the current dataset, we propose adjusting our backtest parameters to focus on volume-driven price action. A potential strategy could involve using the 15-minute chart to identify bearish volume spikes coinciding with price breaks below key moving averages. For example, a short entry could be triggered when price closes below the 50-period moving average with a volume spike of at least 2 standard deviations above average. Stops would be placed above the 20-period MA, and targets would be set at 0.900, 0.850, and 0.800 levels. Restricting the backtest to the period since the WLD listing (July 2023) may yield usable data to test this hypothesis. A refined approach using volume and moving average alignment could help compensate for the lack of RSI readings.