Market Overview for WOO/Tether (WOOUSDT) on 2025-09-24

• WOOUSDT traded in a 24-hour range of $0.063–$0.068, with a modest upward bias in the final 6 hours.
• Price formed a bullish breakout above key resistance at $0.0673 in the final 4 hours, with confirmation in volume and momentum.
• Volatility expanded dramatically overnight, with a 4.5% move from $0.0638 to $0.0673 after 04:15 ET.
• RSI entered overbought territory in the final 2 hours, signaling potential near-term exhaustion.
• Notional turnover reached $13.5M with a final 24-hour volume of 16.6M WOO, driven by late-day buying.

The WOO/Tether pair (WOOUSDT) opened at $0.0662 on 2025-09-23 at 12:00 ET, reached a high of $0.0681, and closed at $0.0669 on 2025-09-24 at 12:00 ET. Total volume for the 24-hour period was 16.6 million WOO, and notional turnover reached approximately $13.5 million. The pair showed a strong upward bias after 04:15 ET, with a sharp 4.5% recovery and a test of recent overhead resistance.

Structurally, WOOUSDT encountered a key support area between $0.0643 and $0.0646 overnight, which held during a brief 04:15 ET selloff. A large bullish engulfing pattern formed around $0.0643, suggesting short-term support was intact. Resistance levels emerged at $0.0655, $0.0663, and $0.0673. A valid breakout above $0.0673 in the final 4 hours of the period indicated renewed bullish momentum and potential for a short-term rally.

The 20-period and 50-period moving averages on the 15-minute chart crossed above key support levels during the overnight recovery, providing a technical green light for further upside. The 50-period MA acted as a dynamic support line during the bounce. On the daily chart, the 50-period MA sits near $0.0655, which is now a key level to watch for retests.

The RSI surged into overbought territory (>70) in the final 2 hours, signaling potential near-term exhaustion. Meanwhile, the MACD showed a bullish crossover in the early morning, confirming the price breakout. Bollinger Bands were notably wide during the late-night rally, indicating a period of high volatility. Price closed near the upper band on the final candle, suggesting the move had some conviction.

Volume and turnover were concentrated during the late-night and early-morning session, with a sharp volume spike at $0.0643 and again at $0.0669. Notional turnover surged to over $1.8 million during the 06:00–08:00 ET period as the pair tested $0.0668. The price and volume alignment suggests strong institutional involvement during the breakout.

Fibonacci retracement levels applied to the key swing from $0.0638 to $0.0672 identified 61.8% retracement at $0.0653 and 78.6% at $0.0665. The 61.8% level held as a minor support during the overnight rally. A 78.6% retracement could offer resistance in the next 24 hours.

Looking ahead, the next 24 hours could see WOOUSDT testing $0.0673 as a potential breakout confirmation level. A close above $0.0673 could extend the rally toward $0.0680, but a retest of $0.0663 would be a natural near-term target. Investors should remain cautious of RSI overbought conditions and the potential for a short-term pullback.

The backtesting strategy described involves a short-term breakout system based on 15-minute chart levels and volume confirmation. It triggers a long entry when price breaks above a Fibonacci 61.8% retracement level with confluence from the 50-period MA and a bullish MACD crossover. Stop-loss is placed below the 50-period MA, with a take-profit at the 78.6% level and a trailing stop once price exceeds the entry. This strategy aligns with the late-night move in WOOUSDT and could have captured the $0.0663–$0.0673 range.