WOO/Tether Market Overview for 2025-10-03

• WOO/Tether (WOOUSDT) formed a bullish reversal pattern after a sharp decline, finding support around 0.0704.
• RSI and MACD suggest waning bearish momentum but remain below key overbought/oversold thresholds.
• Volatility expanded in the morning before contracting in the late hours, with volume peaking at 1.43 million.
• Price retested a prior resistance at 0.0766 as support, failing to break below the 0.074–0.075 range.
• Turnover divergence was observed during the overnight sell-off, indicating potential exhaustion in the downward move.

WOO/Tether (WOOUSDT) opened at 0.0699 on 2025-10-02 12:00 ET, hitting a high of 0.0766 and a low of 0.0698, before closing at 0.0705 on 2025-10-03 12:00 ET. Total volume reached 14.8 million, and turnover amounted to $1.06 million. The price action shows a broad U-shaped recovery from a sharp intraday selloff, with key support at 0.0704 and resistance near 0.0758.

Price tested a bullish engulfing pattern near 0.0704–0.0708 overnight, which appears to have provided a floor for further declines. Bollinger Bands showed a clear expansion early in the 24-hour period, narrowing late into the session, suggesting a potential consolidation phase ahead. The 20-period EMA is above the 50-period EMA, indicating a possible continuation of a short-term bullish bias, while the daily 50/200 EMA crossover remains neutral.

RSI has settled just below 50 at 48.7, suggesting a balanced market but not yet confirming a strong trend. The MACD histogram remains bearish but is flattening, suggesting weakening momentum. Fibonacci retracement levels suggest that the 61.8% retracement at 0.0721 could become a critical pivot for further upside, while the 38.2% level at 0.0706 could serve as a dynamic support. A retest of the 0.073–0.074 range may be expected in the near term.

Backtest Hypothesis
Given the observed consolidation pattern and the Fibonacci retracement at 0.0721 aligning with the 50-period EMA, a potential breakout strategy could be backtested. A long entry at a close above 0.0721 with a stop-loss at 0.0706 and a target at 0.0735 aligns with the retracement and EMA convergence. Short-term traders may also consider a mean-reversion strategy into the 0.0706–0.0713 range, as the RSI and MACD suggest potential exhaustion in the downside move.