Market Overview for WOO/Tether USDt (WOOUSDT)

• Price surged ~10.3% in 24 hours, closing near a fresh 30-day high at $0.0675.
• Strong bullish momentum seen in RSI and MACD, with price above both 20- and 50-period SMAs.
• Volatility and volume spiked during early ET sessions, confirming trend strength.
• Bollinger Bands show widening volatility as price nears the upper band on the 15-minute chart.
• Fibonacci retracement levels suggest potential pullback zones at ~0.0664 and ~0.0659.

WOO/Tether USDt (WOOUSDT) opened at $0.0653 on 2025-09-04 12:00 ET, touched a high of $0.0687, and closed at $0.0675 by 12:00 ET on 2025-09-05. The pair rose ~10.3% in 24 hours, supported by a total volume of 9,276,178.7 and a turnover of $630,831.8. This indicates strong participation and trend continuation.

Structure & Formations

The 15-minute OHLCV data reveals a clear bullish bias with several notable formations. A bullish engulfing pattern emerged at 04:00 ET, followed by a strong piercing pattern at 07:15 ET. Key resistance levels are forming around $0.0684–0.0687, with $0.0663 acting as the immediate support. A potential trendline break above $0.0679 could extend the rally toward $0.0687, while a retest of $0.0665 may offer a short-term pullback entry.

Moving Averages

On the 15-minute chart, price has been above both the 20- and 50-period SMAs for most of the session, confirming a short-term bullish bias. The daily chart shows price above the 50-, 100-, and 200-period SMAs, indicating a stronger multi-day upward trend. The 20-period SMA has acted as a dynamic support, with bounces from it confirming trend strength.

Backtest Hypothesis

A backtest strategy might consider entering long at a confirmed break above the 50-period SMA with a stop just below the 20-period SMA, targeting the next Fibonacci level at $0.0684. A trailing stop could be employed after price clears $0.0679, with exits considered on a close below $0.0665. This aligns with the current upward bias and offers risk-reward balance based on observed volatility and volume patterns.

MACD & RSI

The MACD has shown a strong bullish crossover and remains above the signal line, with positive divergence in the histogram. The RSI is currently at ~64, indicating rising momentum but not yet overbought. A break above 68 would signal stronger bullish conviction. On the downside, a drop below 52 could trigger a short-term pullback.

Bollinger Bands

Volatility has expanded over the last 12 hours, with price pushing near the upper Bollinger Band. The widening bands suggest increased trading activity and a higher likelihood of continuation. Price remains above the 20-period SMA, and as long as it stays above the middle band, bullish momentum should remain intact.

Volume & Turnover

Volume spiked during the early morning ET session (04:00–06:00), with the highest turnover observed around 04:45 and 05:30 ET. The volume pattern shows no divergence with price, suggesting strong confirmation of the rally. A sharp drop in volume during the afternoon ET suggests a potential consolidation phase. Notional turnover is aligned with price action, indicating no liquidity concerns.

Fibonacci Retracements

Recent 15-minute swings show the 61.8% Fibonacci retracement level at ~$0.0675 and the 38.2% at ~$0.0669. On the daily chart, the 61.8% retracement from the previous downtrend aligns with current support at ~$0.0663. Price holding above $0.0665 could confirm the 38.2% level as a potential entry point for continuation plays.

Moving forward, WOOUSDT appears poised for further gains as long as price remains above $0.0665 and shows confirmation on the 20- and 50-period SMAs. A breakout above $0.0684 could trigger a larger rally, but traders should remain cautious of potential pullbacks or volatility shifts if volume declines and RSI enters overbought territory.