Market Overview for WOO/Tether (WOOUSDT) on 2025-10-13

• WOO/Tether edged higher over 24 hours, closing near 0.0486 after a bullish breakout attempt.
• Volatility expanded in the latter half, with price swinging between 0.046 and 0.0495 on high volume.
• RSI suggests overbought conditions, while the MACD remained in positive territory, signaling sustained momentum.
• Key resistance at 0.0485–0.049 and support near 0.0475–0.0472 were tested multiple times during the session.
• A bullish engulfing pattern appeared around 2025-10-12 16:45 ET, suggesting short-term buying interest.

The WOO/Tether pair opened at 0.0454 on 2025-10-12 12:00 ET and closed at 0.0486 on 2025-10-13 12:00 ET. The pair reached a high of 0.0495 and a low of 0.0452 over the 24-hour period. Total trading volume was approximately 10,947,813.4 with a notional turnover of roughly $524,490. The price action displayed a bullish bias in the latter half of the session, particularly from 18:00 ET onward.

Structure & Formations

Price found initial support at 0.046–0.047 and resistance at 0.0485–0.049 over the 24-hour window. A notable bullish engulfing pattern emerged at 16:45 ET, confirming short-term buying pressure. A doji at 05:00 ET on the 15-minute chart suggested indecision near 0.0472. The price tested the 0.0485 resistance twice without breaking through, indicating a potential consolidation phase ahead. The 15-minute chart also showed a bearish harami at 06:15 ET, hinting at a minor pullback before the final rally.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish manner around 20:00 ET, confirming a short-term uptrend. On the daily chart, the 50-period MA (approximately 0.0478) and 200-period MA (approx. 0.0474) showed price above both, suggesting a moderate bullish bias. The 100-period MA at 0.0476 acted as a minor support level.

MACD & RSI

The MACD showed a bullish crossover at 18:00 ET and remained positive for much of the session, reinforcing the rally. RSI peaked near 72 at 23:00 ET, indicating overbought conditions, while it dipped into oversold territory at 05:30 ET before rebounding. This suggests a possible retest of the 0.0474–0.0476 zone before further upside.

Bollinger Bands

Bollinger Bands widened significantly from 18:00 ET onward, reflecting increased volatility. Price remained within the upper band for much of the session, with a notable contraction observed at 02:00 ET, followed by a breakout. The lower band hovered around 0.0468–0.0472, acting as a critical support level.

Volume & Turnover

Trading volume surged around 20:30 ET and 13:45 ET, correlating with significant price movements. Total volume was 10.95 million, with a turnover of $524,490. A divergence appeared around 08:00 ET, where price rose but volume waned, signaling a potential exhaustion of buyers. Volume confirmed the 16:45 ET breakout, with a candle closing near the high of the session.

Fibonacci Retracements

Applying Fibonacci retracement to the key swing from 0.0452 to 0.0495, the 61.8% level at 0.048 appears as a critical pivot. The 38.2% level at 0.0474 was tested and held as a support. Daily swings show similar Fibonacci levels, with 0.0474–0.0476 offering consolidation potential for the next 24 hours.

Backtest Hypothesis

The technical setup suggests a potential entry strategy centered on the bullish engulfing pattern observed at 16:45 ET. A buy signal could be triggered if price breaks above the 0.0486–0.0488 resistance level with confirmation via a close above this level. A stop-loss could be placed below the 0.0481–0.0482 support. A 3-day “buy-and-hold” approach would require a valid ticker symbol for WOO to perform a historical backtest, including all similar bullish engulfing patterns since 2022. Once the correct ticker is confirmed, the strategy can be rigorously tested across market conditions to evaluate its effectiveness.