Market Overview for WOO/Tether (WOOUSDT) on 2025-09-19

• WOO/Tether declined 9.7% over the past 24 hours with a bearish close near support.
• RSI and MACD indicate weakening momentum, with potential oversold conditions forming.
• Volatility expanded during the afternoon ET, but volume failed to confirm the rally.
• A key Fibonacci level at 0.0703 appears to be holding as short-term support.
• Price remains below 50-period moving average on 15-minute and daily charts.

The WOO/Tether (WOOUSDT) pair opened at $0.0716 at 12:00 ET–1 and closed at $0.0697 by 12:00 ET, with a high of $0.0740 and a low of $0.0686 over the 24-hour period. Total volume amounted to approximately 11,151,518.1 units, while notional turnover reached around $775,102. The price action suggests bearish continuation, with a notable breakdown after 19:00 ET as buyers failed to defend key resistance.

Structure & Formations

The 15-minute chart shows a bearish bias, with price failing to hold above critical resistance levels. A strong bearish engulfing pattern emerged at 19:00 ET, followed by a long lower shadow at 22:15 ET, which marked a failed attempt to rally. A key support level appears to be forming near $0.0703–$0.0705, with a doji at 05:45 ET signaling indecision. The price appears to have found a temporary floor in that area, though further bearish moves remain a possibility if volume fails to confirm a rebound.

Moving Averages

On the 15-minute chart, WOOUSDT closed below both the 20-EMA and 50-EMA, reinforcing the bearish bias. On the daily chart, the 50/100/200-day moving averages are aligned lower, indicating a long-term downtrend. The 50-day EMA currently sits above $0.0720, suggesting that a break below this level could trigger further bearish momentum in the near term.

MACD & RSI

The 15-minute MACD crossed into negative territory during the late afternoon and remained bearish into the morning. RSI dropped below 30 after 05:00 ET, signaling potential oversold conditions. However, this did not trigger a significant rebound, suggesting bearish conviction. The divergence between low RSI and falling price implies that bearish pressure could continue unless a strong reversal candle forms.

Bollinger Bands

Volatility expanded significantly in the early afternoon, with price breaching the upper band temporarily before a sharp decline. Since then, price has remained within the bands but close to the lower band, indicating subdued volatility. A breakout from the lower band would likely signal a stronger bearish phase, especially if it’s accompanied by rising volume.

Volume & Turnover

Volume surged during the breakdown at 19:00 ET, reaching a high of over 696,553.6 units. However, subsequent volume failed to confirm the bullish rebound attempts, particularly after 01:00 ET. Notional turnover also showed a divergence, as price moved lower despite declining volume. This may indicate a lack of conviction among buyers.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing high of $0.0740 and low of $0.0686, key levels at 38.2% ($0.0718) and 61.8% ($0.0703) appear relevant. Price appears to have bounced off the 61.8% retracement level but remains under pressure to break below it. The daily chart’s 61.8% retracement level is near $0.0700, which may offer support or become a new resistance if the pair rebounds.

Backtest Hypothesis

Given the bearish divergence in RSI and the breakdown below key support levels, a potential backtest strategy could involve shorting on a break below $0.0703 with a stop-loss placed above $0.0715. A target could be set at $0.0685, aligned with the Fibonacci 78.6% retracement level. This strategy would leverage the bearish engulfing patterns observed in the 15-minute chart and assume that the RSI oversold condition fails to trigger a meaningful rebound. Traders may also consider trailing stops as the price continues to trade near the lower Bollinger band, especially if volume remains low.