Market Overview for WOO/Tether (WOOUSDT) as of 2025-10-29 12:00 ET

• WOO/Tether closed slightly higher at $0.041 after a choppy 24-hour session with a morning rally.
• Price consolidated between $0.0395 and $0.0412, showing no strong breakout above or below key levels.
• Volatility expanded during the afternoon before compressing into a narrow range overnight.
• Volume surged during bearish phases but remained muted during late recovery.
• No clear reversal patterns emerged; momentum remains neutral with no overbought or oversold conditions.

WOO/Tether (WOOUSDT) opened at $0.0400 on 2025-10-29 at 12:00 ET–1, reached a high of $0.0412, and a low of $0.0395, before closing at $0.0410 by 12:00 ET. Total volume traded over the 24-hour period amounted to 16,863,351.1, with a notional turnover of $683,572.00. The pair exhibited a mixed bias, oscillating between bullish and bearish sentiment.

Structure & Formations

Price action over the past 24 hours displayed a clear consolidation phase between $0.0395 and $0.0412, with no decisive breakouts. A small bearish engulfing pattern appeared at the high of $0.0412 during the early afternoon, followed by a brief but shallow retracement. A potential bullish harami formed near the close, suggesting tentative buying interest. A key support level appears to be consolidating around $0.0395, while resistance remains at $0.0412 and $0.0415. A doji formed near the close, signaling indecision and potential for a continuation or reversal pattern.

Moving Averages

On the 15-minute chart, the 20-period moving average has remained above the 50-period line for much of the day, suggesting moderate bullish momentum in the short term. However, the 50-period line is now crossing upward through the 20-period line, indicating weakening bullish pressure and the potential for a reversal. On the daily chart, the 50-period moving average is above the 100- and 200-period lines, reflecting a longer-term bullish bias, though recent price action has shown hesitation to push higher.

MACD & RSI

The MACD line has been in positive territory for the past 12 hours but is showing signs of divergence with price, which may indicate weakening momentum. RSI has fluctuated between 35 and 60 throughout the session, suggesting a neutral to slightly bullish environment without entering overbought territory. A bearish crossover occurred in the afternoon but failed to hold, pointing to mixed signals and a lack of strong directional bias.

Bollinger Bands

Volatility was relatively high during the afternoon, with price reaching the upper band before retreating into the mid-band. A narrow consolidation period developed overnight, pushing price into the lower third of the Bollinger Bands. This suggests a potential for a breakout or a resumption of sideways trading, depending on the next 24-hour open. No clear expansion or contraction pattern has emerged, but the bands remain wide, reflecting ongoing uncertainty.

Volume & Turnover

Volume spiked during the bearish phase in the afternoon, especially between $0.0411 and $0.0405, indicating strong selling pressure. However, volume has remained relatively subdued during the consolidation phase overnight. Notional turnover also peaked in the late afternoon, confirming the bearish move but failing to sustain the downward trend. A divergence between price and volume during the final hours suggests that buying interest may be building.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $0.0412 to $0.0395 shows key levels at $0.0403 (38.2%), $0.0400 (50%), and $0.0397 (61.8%). Price appears to be finding support at the 50% and 61.8% levels, suggesting a potential for a short-term rebound. On the 15-minute chart, Fibonacci levels have been fluctuating around the current price range, but no clear confluence between daily and intraday levels has emerged. This implies that the immediate direction is uncertain.

Backtest Hypothesis

The proposed backtest strategy focuses on detecting Morning Star patterns on daily candles and entering trades at the next candle’s open with an exit at the close. This approach relies on the technical indicators and patterns discussed above, particularly the behavior of the 50-period moving average, RSI levels, and volume dynamics. Given the current market conditions, where price is consolidating near key Fibonacci and moving average levels, the Morning Star could act as a reliable reversal signal. The next step would involve identifying historical Morning Star events and running a backtest to evaluate the effectiveness of the strategy over the specified timeframe.