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

• WOO/Tether surged from 0.0679 to 0.0713 on the 15-min chart before retracing to 0.0649.
• Strong volume-driven rally into the daily high, followed by a sharp pullback.
• RSI and MACD show overbought conditions and bearish divergence later in the session.
• Volatility expanded during the rally and contracted during consolidation.
• Price tested key Fibonacci levels at 61.8% on the way down, indicating possible short-term support.

The WOO/Tether pair (WOOUSDT) opened at 0.0679 on October 8 at 12:00 ET and reached a high of 0.0713 before closing the 24-hour period at 0.0649. Total volume was approximately 25.7 million units, and notional turnover amounted to $1.75 million. The session featured a strong early rally followed by a sharp reversal, driven by a mix of bullish breakout and bearish exhaustion.

Structure & Formations

The 15-minute OHLCV data shows a clear bullish breakout above the 0.0691–0.0696 consolidation range, with a 0.0713 high forming a potential overhead resistance. A large bearish candle at 0.0661–0.0665 signaled a reversal in momentum, followed by a 0.0656–0.0659 bearish engulfing pattern. A doji at 0.0663–0.0663 also indicated indecision and potential support. The 0.0643–0.0649 area emerged as the short-term support level, with a 0.0651–0.0653 bounce reinforcing this.

Moving Averages

On the 15-minute chart, the 20-period MA was at 0.0688 and the 50-period MA at 0.0690, suggesting a bearish crossover as price fell below both. On a daily scale, the 50-period MA at 0.0695 and the 200-period MA at 0.0702 suggest a potential bearish tilt, with price currently below both.

MACD & RSI

MACD turned negative after the peak at 0.0713, with the histogram shrinking and moving into negative territory, signaling bearish momentum. RSI reached 72 on the upward move, indicating overbought conditions, and later dropped below 30 at 0.0652–0.0653, suggesting oversold territory. A bearish divergence emerged between RSI and price after 0.0703, hinting at a potential further pullback.

Bollinger Bands

Volatility expanded during the rally, with the upper band reaching 0.0715, and contracted during the pullback. The price closed near the lower band at 0.0649, suggesting potential for a rebound or continuation of the decline if bearish sentiment persists.

Volume & Turnover

Volume spiked at 3.48 million during the peak at 0.0713, confirming strength, while later bearish moves saw volume drop below 200,000, indicating weaker conviction. Notional turnover dropped from $650,000 to $350,000 during the pullback, showing a divergence between price and interest. The sharp drop in turnover during the fall suggests a potential short-term bottoming scenario.

Fibonacci Retracements

Applying Fibonacci to the 0.0679–0.0713 move, the 38.2% retracement level was at 0.0703 and the 61.8% at 0.0689. Price found support at 0.0661, aligning with a minor 61.8% retracement of a later move. The 0.0651–0.0653 area corresponds to a 78.6% retracement level, reinforcing its importance as a potential floor.

Backtest Hypothesis

A potential backtesting strategy could involve entering long on a bullish breakout above the 0.0696–0.0703 range with a stop-loss just below 0.0687 and a target at 0.0715. Short entries could be triggered on bearish divergences in RSI and MACD, with stops above 0.0708. This approach would leverage key Fibonacci levels and the identified support/resistance areas. A rolling time frame of 1–4 hours may optimize capture of directional moves without being overexposed to short-term noise.