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Summary
• Price declined from 0.0283 to 0.0277 in early hours before consolidating near 0.0275.
• Moderate volume and turnover suggest lack of strong conviction, with no overbought RSI signals.
• A bearish engulfing pattern formed at 0.0283, indicating short-term bearish momentum.
• Volatility remains compressed near 0.0275, with key support at 0.0274 and resistance at 0.0277.
WOO/Tether (WOOUSDT) opened at 0.0283 on 2026-01-09 12:00 ET, reached a high of 0.0283, a low of 0.0273, and closed at 0.0275 on 2026-01-10 12:00 ET. Total volume amounted to 4,489,446.4, while notional turnover stood at 123,910.89.
Structure & Formations
Price action on the 5-minute chart shows a bearish bias, with a bearish engulfing pattern forming after an initial push to 0.0283. This pattern suggests a potential reversal at key resistance. The 0.0274 level has held as a strong support, with repeated rejections observed throughout the session. A doji at 0.0275 indicates indecision among traders near this consolidation area.
Moving Averages and MACD/RSI

Bollinger Bands and Volatility
Volatility has remained constrained, with price staying within the Bollinger Bands for most of the session. A narrow band contraction is visible around 0.0275, suggesting a potential breakout is pending. Price has spent significant time near the middle band, indicating a lack of directional bias at the moment.
Volume and Turnover
Volume has remained moderate throughout the session, with no sharp spikes to confirm bullish or bearish moves. Turnover closely mirrors volume, indicating a proportional relationship and no divergence in price vs. turnover. The largest single 5-minute volume spike occurred at 0.0273, coinciding with a consolidation phase.
Fibonacci Retracements
Applying Fibonacci retracements to the recent 5-minute swing from 0.0283 to 0.0273, the 38.2% level sits at 0.0279, the 50% at 0.0278, and the 61.8% at 0.0276—where price has been consolidating. These levels may offer resistance in the near term, with a key watch at 0.0276.
With price testing 0.0275 and volume remaining subdued, a breakout above 0.0276 could signal renewed buyer interest. Conversely, a breakdown below 0.0274 would confirm bearish momentum. Investors should remain cautious ahead of potential volatility shifts in the next 24 hours.
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