Market Overview for WOO/Tether USDt (WOOUSDT) – 2025-09-10

• Price surged from $0.0659 to $0.0685 on strong buying momentum in the last 24 hours.
• Volatility increased as the pair broke out of a consolidation phase and formed bullish engulfing patterns.
• RSI showed signs of overbought conditions at times, while MACD remained bullish with positive divergence.
• Volume and turnover aligned with price action, confirming the upward thrust after 8:00 ET.
• Key support at $0.0662 and resistance at $0.0694 identified via Fibonacci and trend analysis.

WOO/Tether USDt (WOOUSDT) opened at $0.0659 on 2025-09-09 at 12:00 ET and closed at $0.0685 on 2025-09-10 at 12:00 ET. The 24-hour high was $0.0697, and the low was $0.0655. Total volume was 9,840,969.0 units, and the notional turnover reached $643,386.3 USD.

The price experienced a sharp upward breakout, supported by increasing volume and strong candlestick formations. Key resistance levels emerged around $0.0685–0.0694, with Fibonacci retracement levels and Bollinger Band expansions indicating heightened volatility. The 15-minute chart showed a bullish bias with momentum indicators confirming the trend.

Structure & Formations

Over the 24-hour period, WOOUSDT formed multiple bullish patterns, including a strong bullish engulfing candle at 23:15 ET and a rising wedge breakout around 07:00 ET. A key support level was identified at $0.0662 after several rejections, while resistance emerged at $0.0694. A doji formed at $0.0685 around midday, signaling indecision but followed by a strong rally that confirmed bullish momentum.

Moving Averages

The 15-minute chart showed the price above the 20SMA and 50SMA for most of the day, with a cross above the 50SMA occurring at 02:30 ET. On the daily chart, the price has recently crossed above the 50D and 100D MAs, with the 200D MA acting as a strong support line at approximately $0.0655.

MACD & RSI

The MACD turned positive at around 01:30 ET and remained in bullish territory, with a strong histogram divergence suggesting continued upward pressure. The RSI reached overbought territory (above 70) on multiple occasions, most notably at 07:30 ET and 13:30 ET. However, the price continued to rise, indicating strong buyer participation despite elevated levels.

Bollinger Bands

Volatility expanded significantly around 06:30 ET when the price broke out of a narrow range. The bands widened to a range of $0.0662 to $0.0697. The price remained above the middle band for most of the session, indicating a bullish trend. A potential consolidation period may occur if the price retests the upper band at $0.0694.

Volume & Turnover

Volume surged from early morning, with the largest spike at 12:45 ET (984,096.9 units), coinciding with a breakout above $0.0691. Notional turnover increased from $20,000 USD early in the session to over $640,000 USD by the close. Volume and price action aligned well, confirming the trend rather than signaling exhaustion.

Fibonacci Retracements

Applying Fibonacci retracement to the key swing from $0.0655 to $0.0697, the 38.2% level at $0.0676 and the 61.8% level at $0.0689 were tested multiple times. The price closed near the 61.8% retracement level, suggesting a potential pullback may occur, or if buyers continue to defend that level, a push to the next target at $0.0706 may be expected.

Backtest Hypothesis

Given the observed pattern of a bullish breakout on strong volume, a backtest strategy could be constructed using a long entry when the price breaks above the 61.8% Fibonacci level with a trailing stop below the previous swing low. This aligns with the observed behavior of WOOUSDT on 2025-09-10, where the breakout at $0.0691 was confirmed by strong volume and momentum. A stop-loss could be placed below $0.0662, the key support level, while a profit target could be set at the next Fibonacci extension level of $0.0706. This strategy would aim to capture continuation moves in a strong trend while managing risk with tight stops.