Market Overview for WOO/Tether (WOOUSDT) — 2025-10-04

• WOO/Tether rose 1.04% over 24 hours, forming a bullish breakout on 15-minute charts.
• Momentum shifted mid-day, with RSI peaking above 60 before stabilizing.
• Volatility surged post-06:00 ET, with price reaching 0.0768 before consolidating.
• Volume and turnover aligned with price action, showing no divergence.
• Key resistance appears near 0.0735, with support at 0.0720 based on Fibonacci and consolidation patterns.

WOO/Tether (WOOUSDT) opened at $0.0715 on 2025-10-03 at 12:00 ET and closed at $0.0732 on 2025-10-04 at the same time. The 24-hour high was $0.0768, and the low was $0.0707. Total volume was 24,298,404.4, and total turnover was approximately $1,757,970 (volume × price). Price action suggests a continuation of a bullish trend with key resistance at 0.0735–0.0740 and support at 0.0720–0.0725.

Structure & Formations

The 15-minute chart reveals a strong bullish bias from around 06:00 ET, with a sharp upward move from 0.0740 to a high of 0.0768. A bullish engulfing pattern formed around 05:30 ET, signaling a reversal from a prior downtrend. A key resistance level appears to be forming at 0.0735–0.0740, while a critical support level is at 0.0720–0.0725. A small bearish spinning top at 12:00 ET suggests potential short-term consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with price above both and trending upward. On the daily chart, the 50-period, 100-period, and 200-period MAs are converging at 0.0725–0.0730, reinforcing the idea that 0.0735–0.0740 is a strong resistance zone. A cross above this level could trigger further buying momentum.

MACD & RSI

The MACD shows a bullish crossover at 06:00 ET, confirming the upward trend. RSI reached a high of 65 at 08:30 ET and has since retreated to a neutral zone of ~55. This suggests the move is gaining strength but not yet overbought. A push above 60 may indicate further momentum, while a drop below 50 could signal a pause or consolidation phase.

Bollinger Bands

Volatility expanded significantly during the early morning hours, with price moving from the lower band (0.0720) to the upper band (0.0768). Since the peak, volatility has contracted, and price is now near the middle band (~0.0745). This consolidation could precede a breakout attempt or a pullback to the lower band for testing.

Volume & Turnover

Volume spiked during the bullish breakout (06:00–08:00 ET), confirming the upward move. Turnover also increased, aligning with the price direction. However, volume has softened in the afternoon, suggesting traders are taking profits or waiting for a clearer signal. A divergence between price and volume could be a warning sign if it becomes more pronounced.

Fibonacci Retracements

On a 15-minute swing from 0.0707 to 0.0768, the 61.8% retracement level is at 0.0744, and the 38.2% is at 0.0732. These levels align with recent consolidation and resistance levels, suggesting a high probability of price testing these areas in the near term. If the 61.8% level is tested and holds, it could reinforce the bullish case for a retest of 0.0768.

Backtest Hypothesis

Given the structure of today’s price action—characterized by a strong breakout, bullish engulfing pattern, and alignment of key Fibonacci and MA levels—a backtesting strategy could be built around entries near the 50-period MA on the 15-minute chart, with a stop loss below the 20-period MA and a target near the 61.8% Fibonacci level. The RSI’s behavior (peaking at ~65) also suggests that the move has room to run without entering overbought territory. This strategy would aim to capitalize on the continuation of the bullish trend, provided volume remains aligned and no bearish divergence emerges in RSI or volume.