Worldcoin/Tether (WLDUSDT) Market Overview

Generated by AI AgentTradeCipherReviewed byRodder Shi
Wednesday, Nov 5, 2025 5:48 pm ET1min read
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- WLDUSDT surged to $0.735, breaking key resistance and confirming bullish momentum with a strong 15-minute chart breakout.

- RSI climbed to 60+ and MACD turned positive, aligning with upward-trending moving averages and expanding Bollinger Bands.

- Morning ET volume spiked 37.

3M
WLD ($26.1M turnover), validating the rally without divergence from price action.

- Fibonacci targets at $0.725-$0.735 and a potential 61.8% pullback to $0.715 highlight near-term price psychology.

- A proposed Bullish Engulfing pattern backtest aims to validate the trend, pending technical resolution for real-time pattern detection.

Summary
• Price climbed from $0.681 to $0.735, forming bullish momentum and a strong breakout above key resistance.
• RSI surged past 60, indicating rising bullish pressure with no immediate overbought warning yet.
• Volume spiked during the morning ET rebound, confirming a re-entry into higher ground.

Worldcoin/Tether (WLDUSDT) opened at $0.686 (12:00 ET − 1), reached a high of $0.735, and closed at $0.735 (12:00 ET) after a significant upward move. The 24-hour volume totaled 37.3 million WLD, with a notional turnover of $26.1 million.

The price action on the 15-minute chart reveals a clear bullish breakout from a multi-hour consolidation phase. A key resistance level was breached at $0.715–0.72, confirmed by a strong candle closing at $0.725 and a follow-through move into $0.735. The 20-period moving average has turned upward, aligning with the 50-period line and suggesting that the short-term trend is now bullish. The 50-period MA is still below the 200-period MA on the daily chart, though narrowing rapidly.

Momentum, as measured by the RSI, climbed from the mid-50s to the mid-60s, suggesting that the rally is still gaining steam. MACD has crossed above zero with a positive histogram, reinforcing the strength of the bullish trend. Volatility has increased, with Bollinger Bands expanding, and price is currently trading near the upper band, suggesting a continuation of the upward move could be in play.

Fibonacci retracement levels on the 15-minute chart indicate that $0.725 and $0.735 are key psychological and retracement targets. The next potential pullback could test the 61.8% level at around $0.715. Volume and turnover are in sync with the price move, showing no signs of divergence.

Backtest Hypothesis
The proposed backtest aims to identify and act on Bullish Engulfing patterns, which are strong reversal signals in downtrends. Given the recent price action, a successful detection of such a pattern would have confirmed the current bullish momentum and provided a high-probability entry signal. The absence of real-time pattern data suggests either a technical issue or a need to refine the query. If resolved, the strategy could be tested against recent WLDUSDT data for accuracy and profitability.