Market Overview for WOO/Tether (WOOUSDT) – 2025-11-01

• Price opened at 0.0375 and closed at 0.0388 after a 3.46% increase
• A bullish recovery began at 09:00 ET with a strong 0.0385–0.0388 range
• Volume spiked above 300,000 at 13:15 ET, confirming upward momentum
• RSI rose to 58.4, avoiding overbought territory while showing strong relative strength
• Bollinger Bands expanded late morning, signaling increased short-term volatility

WOO/Tether (WOOUSDT) opened at 0.0375 on 2025-11-01 and closed at 0.0388 by 12:00 ET, posting a 3.46% increase over the 24-hour period. The pair traded between 0.0368 and 0.0390, with a total volume of 5,178,585.6 and a notional turnover of $195,954.61. Strong volume surges were observed in the midday and afternoon sessions, with a pivotal breakout forming in the 09:00–12:00 ET window.

Structure & Formations

The 15-minute chart showed a series of bearish and bullish transitions, with a strong bullish reversal forming from 09:00 to 12:00 ET. A key support level appeared at 0.0375–0.0376, holding through most of the session. A notable candlestick formation—a bullish engulfing pattern—formed at 09:00 ET, confirming a shift in momentum. The price failed to retest this area after 11:45 ET, indicating a strong short-term bullish bias. A key resistance level emerged at 0.0387–0.0389, where the price consolidated before pushing higher.

Moving Averages

On the 15-minute timeframe, the 20-period MA crossed above the 50-period MA in the morning, signaling a potential bullish crossover. On the daily chart, the 50-period MA crossed the 100-period MA during the pre-market hours, forming a golden cross. These crossovers, combined with the strong volume, suggest that the asset is gaining multi-timeframe strength. The 200-period MA remains a key long-term reference point, currently positioned near 0.0374, offering a psychological floor for further downside risk.

MACD & RSI

The MACD histogram turned positive in the late morning and maintained bullish momentum through the close, with the MACD line crossing above the signal line. The RSI climbed to 58.4 at 12:00 ET, indicating moderate strength but avoiding overbought territory. This suggests that while the move is strong, it has room to continue. The divergence between price and RSI is minimal, indicating alignment between volume and price action.

Bollinger Bands

Bollinger Bands widened during the morning hours, confirming increased volatility. The price traded near the upper band from 09:45 to 11:30 ET, indicating a bullish trend channel. However, the bands began to contract slightly in the final hour, suggesting potential exhaustion or consolidation. The close near the upper band adds weight to the view that the short-term trend is intact and could continue into the next session.

Volume & Turnover

Volume surged above 300,000 at 13:15 ET, marking the highest point of the session and confirming the breakout. Turnover spiked in conjunction with the price surge, showing that the volume increase was backed by meaningful trading activity. There was no noticeable divergence between price and volume during the bullish phase, which supports the strength of the move. A volume-based filter could confirm continuation signals if the next candle maintains above 250,000.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.0368–0.0390 swing, the 0.0383 level represents the 61.8% retracement and was a key consolidation point. The price held above this level for most of the session, suggesting it could serve as a dynamic support if the trend continues. The 38.2% retracement at 0.0386 also acted as a pivot point during the afternoon hours, reinforcing the importance of the 0.0385–0.0388 range.

Backtest Hypothesis

The recent bullish reversal and confirmed breakout suggest an opportunity for a time-based backtest, especially if the Morning-Star pattern can be identified with an alternative symbol or manually estimated. Using the 15-minute OHLC data, a backtest could be constructed by calculating the pattern formation and entering a long position with a 3-day holding period. This approach would allow for a probabilistic assessment of the pattern's effectiveness in this market structure, potentially refining trade parameters for future use.