Market Overview for WOO/Tether (WOOUSDT) on 2025-09-14

• WOO/Tether declined from $0.0747 to $0.0704, closing 5.83% lower with bearish momentum.
• Key support tested near $0.0701–$0.0703, with volume increasing as prices dropped.
• RSI entered oversold territory, while Bollinger Bands showed expanding volatility.
• Volume surged during the selloff but diverged from price during earlier consolidation.
• A bearish engulfing pattern appeared on the 15-minute chart near the high of the session.

At 12:00 ET on 2025-09-14, WOO/Tether (WOOUSDT) opened at $0.0743, peaked at $0.0747, and closed at $0.0704 after hitting a low of $0.0699. The 24-hour volume totaled 10,186,719.1 units, with a notional turnover of $719,101.82. The pair exhibited pronounced bearish bias and increased volatility toward the close.

Structure & Formations

The 15-minute OHLC data shows a series of bearish price actions throughout the 24-hour window. A notable bearish engulfing pattern appeared at the top of the range near $0.0746–$0.0744, followed by a sequence of lower highs and lower closes. A doji formed briefly near $0.0736, suggesting indecision, but bear pressure reemerged with a strong move down below $0.0720. Key support levels include $0.0701–$0.0703, where the price consolidated briefly, and $0.0699, where the session ended.

Moving Averages

The 15-minute chart shows the price closing well below both the 20-period and 50-period moving averages, reinforcing the bearish trend. Daily moving averages (50, 100, 200) would be critical to assess the broader trend, but based on the 15-minute behavior, the price appears to have broken below the 50-period MA and is likely testing the 100-period level on the daily chart. This setup may suggest a continuation of the bearish move if support levels hold.

MACD & RSI

The RSI indicator reached oversold territory, dipping into the 20–25 range, indicating a potential short-term reversal or consolidation phase. However, the MACD line remained in negative territory, with the histogram showing bearish momentum throughout the session. A cross of the signal line could indicate a short-term bounce, but the bearish divergence between price and RSI suggests caution.

Bollinger Bands

Volatility expanded significantly in the final hours of the session, with Bollinger Bands widening from a narrow contraction earlier in the day. The price ended the session near the lower band, reinforcing the bearish sentiment. The widening bands reflect increased selling pressure and potential for further downward movement, especially if the price remains below the middle band.

Volume & Turnover

Volume spiked during the selloff from $0.0727 to $0.0699, confirming the bearish move. However, volume was relatively lower during the earlier consolidation phase, suggesting that the bears may have taken control with strong liquidity. Turnover increased in line with volume during the selloff, validating the move. A divergence between volume and price could indicate a potential reversal, but it’s too early to tell at this stage.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from $0.0746 to $0.0699, the price found temporary support at the 61.8% level (~$0.0711), but failed to hold and broke further down. On a daily chart, if the recent swing from a higher high to $0.0699 is considered, the 38.2% level (~$0.0740) may become a key resistance zone for the next session.

Backtest Hypothesis

A potential backtesting strategy could involve using a combination of RSI (14) and MACD crossover to identify short-term reversal opportunities. Specifically, a long entry could be triggered when RSI exits the oversold zone (e.g., above 30) and the MACD line crosses above the signal line, provided the price is above the 20-period moving average. A stop-loss could be placed below the recent low, while a take-profit could target the 38.2% Fibonacci level. This approach would aim to capture short-term rebounds in a volatile bear market, though it assumes volatility remains high and liquidity is sufficient to execute trades.