Market Overview for WOO/Tether (WOOUSDT) – October 11, 2025

• WOO/Tether declined sharply on elevated volume, breaking key support levels during the 21:00–23:00 ET window.
• Price recovered modestly during the overnight session, with consolidation near 0.0430–0.0440 range.
• RSI entered oversold territory post-dip, but volume divergence suggests potential for further downside risk.
• Volatility surged in the early hours of October 11 before stabilizing during the Asian session.
• Short-term momentum remains bearish, with a potential test of 0.0420 on the near horizon.

WOO/Tether (WOOUSDT) opened at $0.065 on October 10 at 12:00 ET and hit a high of $0.0657 before plummeting to a 24-hour low of $0.0263 by 21:30 ET. The pair closed at $0.0443 at 12:00 ET on October 11, with total volume of 123.4 million tokens and a turnover of approximately $5.6 million over the 24-hour period. The sharp sell-off accelerated volatility and tested multiple support levels.

Structure & Formations

Price action on the 15-minute chart displayed a series of bearish engulfing patterns as WOOUSDT fell from $0.065 to below $0.0263 between 21:00 and 21:30 ET. A large bearish candle at 21:30 ET—dropping 24%—marked the beginning of a critical breakdown. The 0.0430–0.0440 range has since acted as a minor floor, with a small bullish reversal candle at 09:45 ET suggesting short-term buyers may be stepping in. A doji at 09:45 ET and another at 08:45 ET signal indecision and potential exhaustion of short-term bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are both bearish, with price trending well below both. The 50-period SMA currently sits at ~$0.0447, indicating that the recent rebound may struggle to hold if it remains below this level. On a daily basis, the 50/100/200-period SMAs are trending lower, reinforcing the bearish bias. Price is currently testing the 100-period daily SMA (~$0.0455), which could provide resistance in the short term.

MACD & RSI

The MACD turned negative and remains bearish, with a deep negative divergence between price and momentum during the sharp sell-off. RSI has entered oversold territory (~30–35) since the 10:00 ET rebound, suggesting a potential bounce. However, volume during this rebound was lower than during the breakdown, indicating potential divergence. If RSI fails to break back above 40, it could signal a continuation of the bearish trend.

Bollinger Bands

Volatility spiked during the breakdown phase, with the lower Bollinger Band falling below $0.0250 at 21:30 ET. Price has since retracted into the middle band on the 15-minute chart, but remains below the 20-period moving average. The recent consolidation appears to indicate a temporary retraction in volatility, though the bands remain wide, signaling elevated uncertainty. A move above the upper band during a rally could confirm a short-term bounce, but this is unlikely unless volume surges.

Volume & Turnover

Volume was extremely heavy during the breakdown phase, particularly at 21:30 ET, with a turnover spike of over $500,000 in a single 15-minute window. The overnight consolidation occurred on lighter volume, with the 09:45 ET bullish reversal candle having the highest volume of the morning. However, price failed to close above the 0.0450 level, suggesting the buying pressure is weak. The divergence between the volume profile and price action raises concerns about the sustainability of the recent bounce.

Fibonacci Retracements

Applying Fibonacci to the recent swing low of $0.0263 and the prior high of $0.0650, the 38.2% and 61.8% retracement levels fall at ~$0.0466 and ~$0.0558, respectively. The 0.0443 level at the 12:00 ET close is slightly below the 38.2% retrace level, indicating a potential short-term base for consolidation. A move above $0.0466 would be a positive sign for near-term buyers, but the bearish structure suggests the 61.8% level is unlikely to hold without a major reversal.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions at the 38.2% Fibonacci retrace level ($0.0466) with a stop loss below the 0.0440–0.0430 range. This approach would aim to capitalize on the RSI's oversold condition and the bullish reversal candle at 09:45 ET, assuming volume increases with the bounce. Alternatively, a short position could be initiated if price fails to hold above the 0.0450 level, using the 61.8% retracement level ($0.0558) as a potential target for a countertrend sell-off. Given the divergence in volume and the bearish momentum, the strategy should be closely monitored for early exits.