Market Overview: WOO/Tether (WOOUSDT) 24-Hour Action

Summary
• Price found key resistance at $0.0246, failing to break above.
• Volatility expanded in the 23:30–00:30 ET window, with turnover surging.
• RSI signals overbought conditions near 0.0246, but momentum has slowed.
• 20-period MA provided partial support near $0.0243–0.0242.
• A doji formed at 08:30 ET, hinting at indecision at current levels.

WOO/Tether (WOOUSDT) opened at $0.0243, reached a high of $0.0246, fell to a low of $0.0236, and closed at $0.0241 at 12:00 ET today. Total volume was 6.57 million, with $156,788 in turnover.

Structure & Support/Resistance

Price tested resistance at $0.0246 and failed to hold above it. A bearish engulfing pattern formed at 23:30 ET, confirming the breakdown. Key support appears at $0.0242–0.0241, where the 20-period MA provided temporary relief.

Momentum & Volatility

RSI climbed into overbought territory during the $0.0246 peak but has since retreated to neutral levels. Bollinger Bands expanded during the 23:30–00:30 ET period, reflecting heightened volatility. The final candle at 08:30 ET was a doji, suggesting indecision and potential reversal.

Volume & Turnover

Volume spiked to 953,842 at 20:15 ET and 556,859 at 05:00 ET, but price failed to follow through. A divergence appeared between price and turnover after 07:00 ET, with turnover easing despite sideways price action.

Forward View

WOOUSDT may consolidate near $0.0241–0.0243 in the coming 24 hours, with a key watch on $0.0246 for potential retesting. However, caution is warranted as divergence and bearish momentum could trigger further declines.