Market Overview: WOO/Tether (WOOUSDT) 24-Hour Technical Summary

Summary
• WOOUSDT climbed from 0.0255 to 0.0269 before retreating, forming a bullish engulfing pattern near 0.0261.
• Volume surged in the 18:00–21:00 ET window, confirming strength in the 0.0261–0.0266 range.
• RSI indicates overbought conditions toward the 24-hour peak, signaling potential consolidation.
• Price spent over 60% of the session within Bollinger Bands, suggesting low volatility.
• 0.0257 appears as key support, with a 38.2% Fib retracement level aligning closely at 0.0259.

WOO/Tether (WOOUSDT) opened at 0.0255 and reached a high of 0.0269 before closing at 0.0265. The 24-hour low was 0.0254. Total volume was 8.03 million, with a notional turnover of approximately $211,854.

Structure & Formations

The 5-minute chart showed a bullish engulfing pattern forming around 18:45–19:00 ET, signaling potential momentum reversal. A doji formed near 0.0266 at 22:00 ET, hinting at indecision. Key resistance appears at 0.0269, and support at 0.0257 may hold in the near term.

Moving Averages

WOOUSDT closed above both 20 and 50-period moving averages on the 5-minute chart, suggesting short-term bullish bias. On the daily chart, the price remains below the 50-period MA, indicating a longer-term bearish trend.

MACD & RSI

MACD showed a narrowing histogram with a bearish crossover at 22:30 ET, aligning with the price pullback. RSI peaked at 68 near the high and declined to 55, suggesting overbought conditions may trigger a pullback.

Bollinger Bands

Price remained within Bollinger Bands for most of the session, with the lowest volatility contraction observed between 23:00–00:30 ET. A breakout above the upper band appears unlikely without renewed bullish volume.

Volume & Turnover

The highest volume occurred between 18:15–21:30 ET, confirming strength in the 0.0261–0.0266 range. However, turnover did not spike in proportion, indicating the rally may lack broad participation.

Fibonacci Retracements

A 38.2% retracement of the 0.0254–0.0269 swing lies at 0.0259, aligning with a key support level. A 61.8% retracement at 0.0254 may act as a deeper floor.

Price may consolidate near 0.0265 in the coming 24 hours, but a breakdown below 0.0257 could reignite bearish pressure. Investors should watch for volume confirmation on any directional move.