Market Overview for WOO/Tether (WOOUSDT) on 2026-01-17

Summary
• WOOUSDT formed a bullish engulfing pattern on 2026-01-17 07:30 ET, signaling potential reversal from a downtrend.
• Price broke above 0.0305 resistance with confirmation from volume and MACD divergence.
• Volatility surged after 04:00 ET, with 0.0307–0.0304 acting as key intraday consolidation.

24-Hour Price and Volume Summary

At 12:00 ET on 2026-01-17, WOO/Tether (WOOUSDT) opened at 0.0304, hit a high of 0.0312, and closed at 0.031. The pair traded between 0.0297 and 0.031. Total volume for the 24-hour period was 10,001,151.1, with a notional turnover of $31,147.83.

Price Structure and Patterns

The 5-minute chart showed a clear bullish breakout above the 0.0305 resistance level following a consolidation phase. A bullish engulfing pattern emerged at 07:30 ET, indicating potential short-term reversal. The price later tested the 0.0307–0.0304 range as a consolidation zone, suggesting potential for a pullback or continuation depending on volume confirmation.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period SMAs crossed above 0.0305, reinforcing the bullish bias. The 50-period SMA on the daily chart now sits at ~0.0303, suggesting a key retest level ahead. RSI rose above 50, confirming strengthening momentum, while MACD crossed into positive territory, signaling increasing bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded during the breakout above 0.0305, with price closing near the upper band at 0.0312. This indicates a period of heightened volatility. A contraction in band width was seen prior to the breakout, suggesting a potential reversal. Price has since moved into overbought territory, though not yet reaching 70 on the RSI.

Volume and Turnover Analysis

Volume surged in the 8:45 AM ET to 9:00 AM ET timeframe, coinciding with the move toward 0.0312. Turnover was also higher during the same period, confirming the breakout's strength. No significant divergence was observed between volume and price, suggesting a healthy continuation of the trend.

Fibonacci Retracements

Key Fibonacci levels from the recent 5-minute swing (0.0297–0.0312) suggest 0.0305 (38.2%) and 0.0309 (61.8%) as critical support and potential consolidation areas. A test of the 0.0304 daily low could signal a re-entry opportunity if price holds.

In the next 24 hours, WOOUSDT appears to be testing the 0.0312–0.0307 range for consolidation and potential follow-through. A close above 0.0312 could target 0.0315, but a pullback to the 50-period SMA at 0.0303 may offer a re-entry opportunity. Investors should remain cautious of a potential short-term pullback or sideways consolidation.