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

Summary
• Price surged from 0.0296 to 0.0326 on 24-hour 5-min chart, showing bullish momentum.
• Strong volume spike around 04:45 ET confirms breakout above 0.0316 resistance.
• RSI suggests overbought conditions, indicating potential for short-term consolidation.
• Key support appears near 0.0301, with 0.0326–0.0335 likely next target range.

WOO/Tether (WOOUSDT) opened at 0.0296 on January 5, 2026, and reached a high of 0.0335 before closing at 0.0326 on January 6 at 12:00 ET. Total volume for the 24-hour period was approximately 70,937,897.7 and turnover reached 2,315,830.06.

Structure & Formations

The price formed a strong bullish reversal pattern after a 5-minute candle opened at 0.0301 and closed at 0.0303 with a high of 0.0305 and low of 0.0301, suggesting buying pressure.

A key resistance level appears at 0.0326–0.0335, with immediate support around 0.0301–0.0304. A potential bearish divergence in price and volume may emerge if the price struggles to hold above 0.0315.

MACD & RSI

The RSI moved into overbought territory (above 70) after the breakout at 0.0326, signaling a possible short-term pullback. The MACD showed a bullish crossover with a positive histogram, indicating sustained upward momentum.

Bollinger Bands

The price expanded above the upper Bollinger Band following the breakout at 0.0326, showing increased volatility. The bands were relatively narrow before the surge, hinting at a potential breakout scenario.

Volume & Turnover

Volume spiked dramatically at 04:45 ET, coinciding with the price pushing above 0.0316. Turnover also rose significantly during this period, confirming the strength of the move. However, volume began to taper off post-0.0326, suggesting a potential pause.

Fibonacci Retracements

On the 5-minute chart, the 61.8% Fibonacci retracement level aligned closely with 0.0326, where price consolidated briefly before continuing higher. Daily Fibonacci levels suggest a possible next target near 0.0335–0.0345, with 0.0311 as a critical support.

Given the recent bullish momentum and overbought RSI, WOO/Tether may consolidate near 0.0326–0.0335 in the next 24 hours. A break below 0.0301 could trigger a retest of key support. Investors should remain cautious as overbought conditions may lead to profit-taking.