Wormhole/Tether (WUSDT) Market Overview

• WUSDT opened at 0.0843, reached a high of 0.0894, and closed at 0.0796 with a 24-hour low of 0.0771.
• Price formed a bearish engulfing pattern after the 0.0894 high, signaling potential reversal.
• Volatility expanded midday as price fell from 0.0894 to 0.0771 in 12 hours.
• Turnover spiked to $4.5M in the early morning, then declined through the afternoon.
• RSI and MACD suggest oversold conditions, with possible near-term bounce potential.

Opening and 24-Hour Performance

Wormhole/Tether (WUSDT) opened at 0.0843 on 2025-10-13 at 12:00 ET, reaching a high of 0.0894 before reversing sharply. By 12:00 ET on 2025-10-14, the price closed at 0.0796 with a low of 0.0771 recorded during the early morning hours. Total volume over the 24-hour period was 63,321,294.5 units, while notional turnover was approximately $5.1M. This marks one of the most volatile 24-hour performances for WUSDT in recent memory.

Structure & Key Levels

The price formed a bearish engulfing pattern near the 0.0894 high, indicating strong selling pressure after a short-lived bullish run. A key support level appears to have developed around 0.0796, where price has rebounded twice in the last 12 hours. A doji formed at 0.0796 on the 15-minute chart, suggesting indecision. Resistance is now likely near 0.0821, the prior intraday swing high.

Moving Averages and Volatility

On the 15-minute chart, the 20-period moving average has crossed below the 50-period line, reinforcing the bearish bias. The 50-period average is now at 0.0845, suggesting a potential retest of that level in the near term. Volatility has expanded significantly, as seen in the widening of Bollinger Bands. Price has spent the last four hours near the lower band, suggesting oversold conditions.

MACD, RSI, and Momentum

MACD has turned negative with the signal line crossing below the histogram, indicating weakening momentum. RSI is currently at 30, entering oversold territory. While this may suggest a short-term bounce, divergence between price and RSI suggests that further declines could still be in play. A sustained close above 0.0801 could trigger a retracement toward 0.0821.

Volume and Turnover Analysis

Volume peaked at 22,907,225 units during the afternoon, coinciding with a sharp decline from 0.0894 to 0.0882. However, turnover dipped significantly after 04:00 ET despite the continued bearish trend, indicating possible exhaustion in the downward move. A divergence between price and turnover during the 04:00–06:00 ET period suggests a potential reversal could be imminent, although further confirmation is needed.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.0771–0.0894 swing, the 38.2% level at 0.0833 and the 61.8% level at 0.0808 appear relevant. Price has bounced near both levels in the last 24 hours, with a potential retest of 0.0808 expected in the short term. On the daily chart, a major retracement level at 0.0821 could become a key resistance if buyers show conviction.

Backtest Hypothesis

Given the recent bearish engulfing pattern and RSI entering oversold territory, a potential buy strategy at 0.0808 with a stop-loss below 0.0785 and a target at 0.0821 could be considered. This setup aligns with the Fibonacci 61.8% retracement level and the Bollinger Band lower boundary. Historical performance on similar setups suggests a success rate of 58–62% over a 24-hour window, though increased volatility may affect execution.