Wormhole/Tether (WUSDT) Market Overview for 2025-09-20

• WUSDT traded lower in volatile fashion, with a sharp bullish reversal in afternoon NY time.
• Key support tested at 0.1080–0.1085, followed by a sharp rebound exceeding 0.1100.
• Volume spiked during the 03:00–05:00 ET rally, confirming a reversal after earlier divergence.
• RSI and MACD showed bearish divergence early, but bullish momentum picked up post-03:00 ET.
• Bollinger Bands widened during the breakout, indicating a possible trend continuation.

Wormhole/Tether (WUSDT) opened at 0.1099 on 2025-09-19 at 12:00 ET, reached a high of 0.1293, and a low of 0.1076, closing at 0.1193 on 2025-09-20 at 12:00 ET. Total 24-hour volume was 96,026,445.69, and notional turnover was 10,342,389.58 USD.

The daily candlestick pattern suggests a strong bullish reversal after a prolonged bearish phase. Price initially tested a key support zone between 0.1080 and 0.1085, where volume increased and price action formed a bullish engulfing pattern. After this support held and reversed, price broke out above the 0.1100–0.1110 resistance cluster, reaching a 24-hour high of 0.1293. This breakout occurred on a surge in volume and notional turnover, confirming the strength of the move.

Key resistance levels now appear at 0.1220–0.1230 and 0.1250–0.1260, with the 0.1270 level likely next if bullish momentum continues. The 50-period moving average on the 15-minute chart crossed above the 20-period line during the breakout, indicating short-term bullish momentum. The 200-period MA on the daily chart remains below price, suggesting a longer-term bullish bias may still be in place.

Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) showed bearish divergence earlier in the day, particularly between 02:00 and 04:00 ET, when price was near 0.1110–0.1120 but volume and momentum indicators weakened. However, a strong bullish crossover in MACD and a sharp RSI rise above 50 following the 03:30 ET candle confirmed a shift in sentiment. Bollinger Bands expanded during the breakout phase, showing increased volatility. Price remained above the upper band at key moments, indicating strong bullish conviction.

Fibonacci retracement levels for the 0.1076–0.1293 swing show 61.8% at ~0.1223 and 38.2% at ~0.1187, both of which were tested and held in the final 6 hours of the session. Price may now retest these levels as potential support/resistance for the next 24 hours. If 0.1180–0.1185 holds, a continuation of the bullish trend appears likely; a break below this range could trigger a retest of the 0.1080 level.

Backtest Hypothesis
A potential strategy could involve entering long positions when price breaks above the 0.1110–0.1120 resistance with a bullish engulfing pattern on the 15-minute chart, confirmed by rising MACD and RSI above 50. Stops could be placed just below 0.1080–0.1085, with take-profit targets at 0.1220 and 0.1250. Given the high volume and strong candle bodies during the breakout, this setup appears to have strong probabilistic backing based on the 2025-09-20 session.