Market Overview for WOO/Tether (WOOUSDT) – 2025-10-31

• Price dropped from 0.0365 to 0.0356 before a late recovery to close near 0.0375.
• Volatility spiked during midday, but volume remained uneven with no clear confirmation.
• RSI and MACD hinted at bearish pressure before a late reversal, suggesting momentum shifts.
• Bollinger Bands expanded during the dip, with price rebounding from the lower band.
• Key support levels appear near 0.0360–0.0365, while resistance is forming at 0.0375–0.0376.

The WOO/Tether (WOOUSDT) pair opened at 0.0364 on October 30, 2025, at 12:00 ET, reached a high of 0.0380, and a low of 0.0353, closing at 0.0375 on October 31 at the same time. Total volume across the 24-hour window was approximately 9.7 million units, with a notional turnover of $348,655. Price action shows a clear bearish bias early in the window, followed by a late rally that may signal renewed buyer interest.

From a structural standpoint, the price action displayed a distinct bearish breakdown into the 0.0355–0.0360 support range, which was followed by a consolidation phase. A key bullish reversal occurred at 0.0369, with price forming a series of higher lows over the last 6 hours. This suggests a potential short-term base forming around 0.0368–0.0372. No clear bearish engulfing patterns were identified during the session, though a few doji and spinning top candles indicated indecision.

Moving averages show a 20-period line crossing above the 50-period at around 0.0367, suggesting a potential shift in near-term bias. The 50-period line is currently sitting at 0.0369, and if price holds above it, it may reinforce the bullish momentum. For daily timeframes, the 50/200 MA crossover appears neutral, with the 50-day line trending slightly upward but still below the 200-day line, indicating a continuation of a longer-term consolidation phase.

MACD for the 15-minute chart turned positive in the final hours, with a slow crossover suggesting a possible near-term reversal. The histogram showed a slight increase in bullish momentum, but not strong enough to confirm a breakout. RSI crossed above 50 in the last two hours, signaling an emerging overbought condition. Bollinger Bands expanded during the dip, with the price rebounding off the lower band and holding within the upper band, suggesting a return to a more balanced volatility environment. Fibonacci retracements show a 61.8% level near 0.0375, which coincided with the price action in the final 4 hours, suggesting this could be a short-term ceiling to watch.

The MACD and RSI indicators, combined with Fibonacci retracements and Bollinger Bands, suggest a cautious but potentially bullish setup if the 0.0375 level holds. A break above this could target the next resistance at 0.0376–0.0378, with the 0.0375 level serving as a key pivot. However, given the uneven volume profile and lack of a clear breakout pattern, a pullback to the 0.0368–0.0370 range is a possible outcome in the next 24 hours.

Backtest Hypothesis
An attempted retrieval of the “Bullish Engulfing” pattern dates for WOOUSDT encountered an issue with the data provider, likely due to a symbol mismatch or lack of support for the pair. This pattern is typically used as an entry signal in strategies that hold for 3 days, and its reliability depends on accurate historical data. To proceed, confirmation of the correct symbol format (e.g., BINANCE:WOOUSDT, KUCOIN:WOO-USDT, etc.) would allow for re-verification of the pattern dates. If the data becomes available, a back-test from 2022-01-01 to today could be conducted to assess its performance, particularly in relation to the RSI and MACD signals we've observed today. This would provide a clearer picture of the strategy’s robustness and whether it aligns with the current market structure.