Market Overview for WOO/Tether (WOOUSDT): 2025-09-22

• WOOUSDT surged to a high of $0.0798 before consolidating into a range between $0.0752 and $0.0794.
• Momentum shifted mid-day, with a bearish reversal forming after a bullish breakout.
• Volatility spiked during the Asian session, with volume peaking at 4.95 million contracts.
• RSI showed overbought conditions at 83, hinting at potential pullback risks.
• Price closed near a key Fibonacci level at 0.0655, suggesting short-term consolidation.

At 12:00 ET–1, WOO/Tether (WOOUSDT) opened at $0.0705, surged to a high of $0.0798, and closed at $0.0655 by 12:00 ET. Total volume for the 24-hour period was approximately 61.8 million contracts, while notional turnover reached around $4.95 million.

Structure & Formations

Price action displayed a clear bearish reversal pattern following a mid-day bullish breakout. A large bullish candle formed in the 21:45 ET–22:00 ET window, pushing WOOUSDT above $0.0788, followed by a bearish engulfing pattern in the 07:00–07:15 ET window as the pair collapsed to $0.0655. A doji formed near the daily low at $0.0655, suggesting potential short-term support.

Moving Averages

The 15-minute chart saw WOOUSDT oscillating above and below the 20 and 50-period moving averages, indicating indecision. On the daily timeframe, the 50-period MA acted as resistance in the $0.0734–$0.0735 range, with price failing to hold above it. The 200-period MA currently rests at $0.0765, acting as a psychological ceiling for near-term buyers.

MACD & RSI

The MACD line turned negative in the early morning hours, confirming bearish momentum. RSI reached overbought territory at 83 during the Asian session, followed by a rapid decline to 32, signaling exhaustion and a probable pullback. Price appears to have found support at the 38.2% Fibonacci retracement level at $0.0655, suggesting a potential short-term rebound.

Bollinger Bands

Volatility expanded during the breakout to $0.0798, with price closing just above the upper band. However, during the subsequent sell-off, price fell sharply below the lower Bollinger band, indicating heightened volatility and bearish momentum. The current price is within the band’s range but remains close to the lower boundary, suggesting continued risk of further consolidation or a short-term bounce.

Volume & Turnover

Volume spiked sharply during the Asian and European sessions, with the highest turnover occurring at $0.0788 and $0.0655. The divergence between price and volume during the morning sell-off raised caution about the strength of the bearish move. However, the lack of volume during the late-night recovery suggests limited conviction in the rebound.

Fibonacci Retracements

Fibonacci levels provided key context for the recent move. The 61.8% retracement level at $0.0681 and the 38.2% level at $0.0655 marked key pivot points during the 24-hour session. The 50% level at $0.0718 currently appears to be a neutral zone, with price likely to test it for potential support or resistance in the near term.

Backtest Hypothesis

Given the recent price pattern and technical indicators, a possible backtesting strategy could be to short WOOUSDT on a close below the 38.2% Fibonacci level at $0.0655 with a stop above the 50-period moving average at $0.0712. A target could be set at $0.0625, based on the 61.8% retracement from the high at $0.0798. This strategy would rely on RSI and volume confirmation for entry, with MACD divergence offering a timing signal.