Wormhole/Tether Market Overview for 2025-11-13

Summary
• WUSDT opened at $0.061 and closed at $0.0601, forming a bearish pattern.
• Price hit a high of $0.0637 and a low of $0.0599, showing heightened volatility.
• Total volume reached 26.4 million, while turnover stood at $1.66 million, suggesting mixed sentiment.
• MACD and RSI signals indicate possible overbought levels and bearish momentum.
• Key resistance is at $0.0637, with support likely forming at $0.0599.

Wormhole/Tether (WUSDT) opened at $0.061 at 12:00 ET–1 and closed at $0.0601 at 12:00 ET on 2025-11-13. The price reached a daily high of $0.0637 and a low of $0.0599. Total volume for the 24-hour period was 26.4 million, with a turnover of $1.66 million, reflecting active trading and divergent short-term sentiment.

Structure & Formations

WUSDT displayed key support at $0.0599 and resistance at $0.0637. A bearish engulfing pattern was seen near $0.062, signaling possible downward momentum. A doji near $0.0615 suggested indecision. Price retraced between 50% and 61.8% Fibonacci levels during the day, with a potential trend reversal possible.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line in the afternoon, indicating a bearish signal. On daily charts, the 50-period MA crossed above the 100-period MA, suggesting a longer-term bullish bias. However, the 200-period MA remains a key reference point for trend direction.

MACD & RSI

The MACD crossed into bearish territory in the morning, with a negative histogram, while RSI touched overbought levels at 70 before declining, suggesting short-term exhaustion. RSI may find near-term support at 30, while MACD appears to signal a possible trend continuation if bears maintain control.

Bollinger Bands

Volatility expanded in the early hours, with price reaching the upper band at $0.0637. Later, it moved closer to the lower band, indicating a potential consolidation phase. A breakout above the upper band could confirm a bullish reversal, while a break below the lower band may accelerate the downtrend.

Volume & Turnover

Volume spiked in the early morning and late afternoon, with turnover aligning with price moves. A divergence in volume and price occurred around 06:00 ET, where price dropped despite increasing volume, indicating potential bearish conviction. The overall volume-to-price alignment suggests continued bearish momentum unless strong buyers emerge.

Fibonacci Retracements

Key retracement levels for the day include 38.2% at $0.0614, 50% at $0.0607, and 61.8% at $0.0601. Price tested the 61.8% level twice, suggesting it may form a short-term floor. A break below this could extend the downtrend to the next Fibonacci level at $0.0596.

Backtest Hypothesis

The backtesting strategy described earlier relies on accurate OHLC and volume data to identify Bullish Engulfing patterns and generate 1-day hold signals. However, the ticker symbol “WUSDT” appears to be unrecognized by standard data sources, likely due to incorrect formatting or the asset not being widely traded on major exchanges. For the backtest to proceed effectively, the correct symbol or an alternative asset must be provided. Once validated, the analysis can leverage the same technical indicators (MACD, RSI, moving averages) used above to evaluate the strategy’s performance.