Worldcoin/Tether (WLDUSDT) Market Overview: Bullish Rally, Volatility, and Divergences Emerge

• WLDUSDT opened at $1.257 and surged to $1.325 before closing at $1.285, showing strong upward momentum.
• High volatility persisted with a 6.17% intraday range, indicating active buying and selling pressure.
• RSI reached overbought levels during the day, suggesting potential pullback risks.
• Bollinger Bands showed expansion in the afternoon, signaling heightened market uncertainty.
• Volume spiked significantly during the late-night rally to $1.308, confirming bullish sentiment.

Worldcoin/Tether (WLDUSDT) opened at $1.257 on 2025-10-04 at 12:00 ET and closed at $1.285 by 12:00 ET on 2025-10-05. The pair reached a high of $1.325 and a low of $1.255 over the past 24 hours. Total trading volume amounted to 9,825,470.6 units, with a notional turnover of $12.8 million. The price action shows a clear bullish bias driven by strong buying interest late in the session.

Structure & Formations

The 15-minute candlestick chart reveals multiple bullish patterns, including a strong engulfing pattern at $1.276–$1.282 and a series of higher lows following the $1.271 pivot. A key support level appears at $1.271, while resistance forms at $1.325. A doji formed at $1.297–$1.297, indicating indecision during the rally to $1.308. The price is currently consolidating near the $1.285–$1.287 range, forming a potential continuation pattern.

Moving Averages

On the 15-minute chart, the 20-period MA (1.282) and the 50-period MA (1.286) show the price currently above both, reinforcing the bullish bias. The 20 MA is crossing above the 50 MA, forming a potential golden cross. For daily timeframes, the 50-period MA (1.264) and 100-period MA (1.259) are below the current price, while the 200-period MA (1.249) remains far below, suggesting a medium-term bullish trend.

MACD & RSI

The MACD (12, 26, 9) crossed above the signal line around $1.277 and has remained positive since $1.285, confirming the upward momentum. However, the RSI (14) reached overbought levels of 70+ at $1.288, indicating potential near-term exhaustion in the rally. A pullback to the $1.276–$1.278 zone could be expected if the RSI dips below 50, offering a potential entry point for longs.

Bollinger Bands

Bollinger Bands have shown significant expansion in the afternoon and evening, especially between $1.270–$1.289, signaling heightened volatility. The price currently sits near the upper band at $1.286, a sign that the bulls are maintaining control. A retest of the lower band at $1.272–$1.273 could occur if the current rally stalls, potentially leading to a short-term correction.

Volume & Turnover

Volume surged during the late-night rally, peaking at 1,894,527.3 units during the $1.29–$1.308 move, confirming the strength of the bullish sentiment. Notional turnover mirrored volume spikes, particularly around the 2025-10-05 05:00 ET candle. A divergence appears around $1.311–$1.313, where volume began to taper slightly despite the price reaching new highs, hinting at potential exhaustion or consolidation.

Fibonacci Retracements

On the 15-minute chart, the recent rally from $1.271 to $1.325 aligns with key Fibonacci levels. The 38.2% retracement is at $1.293 and the 61.8% level is at $1.281. The price closed near $1.285, which overlaps with the 61.8% level, suggesting a potential pullback to the $1.278–$1.280 range could follow. On the daily chart, the 50% Fibonacci level from the recent $1.249–$1.325 move is at $1.287, which aligns with the current consolidation zone.

Backtest Hypothesis

A backtesting strategy focusing on bullish breakout entries during high-volume consolidation phases appears to align with the recent WLDUSDT price action. A hypothetical system could trigger a long entry on a close above the upper Bollinger Band, with a stop just below the 50-period MA and a target at the 38.2% Fibonacci retracement. Given the strong confirmation from the MACD and RSI divergence, this approach could have yielded positive returns on the 2025-10-05 rally. However, the overbought RSI level suggests that such strategies may need to incorporate trailing stops or early exits to mitigate short-term volatility.