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

Summary
• WOOUSDT formed a bearish engulfing pattern and broke below key support at 0.0275.
• RSI and MACD indicate weakening momentum with bearish divergence.
• Volatility remains compressed within Bollinger Bands, signaling potential breakouts.
• Volume declined sharply after 02:00 ET, raising liquidity concerns.
• Fibonacci levels at 0.0265 and 0.0270 are critical for near-term direction.

WOO/Tether (WOOUSDT) opened at 0.0276 and reached a high of 0.0281 before closing at 0.0264 at 12:00 ET. The 24-hour low was 0.0264, with total volume at 11.4 million and turnover at $2.8 million.

Structure & Formations

Price action shows a bearish engulfing pattern after hitting 0.0281, followed by a breakdown below 0.0275 support. A doji near 0.0278 indicates indecision and reinforces the bearish bias. The 0.0265 level has held as a floor twice, forming a potential short-term support.

Volatility & Momentum

Bollinger Bands remain compressed, signaling a period of consolidation. RSI dipped below 30, indicating oversold conditions, while MACD shows bearish crossover with declining momentum.

Volume & Turnover Divergence

Volume spiked initially but sharply declined after 0.0278, suggesting reduced buying interest. Notional turnover followed a similar trend, raising concerns over liquidity and potential slippage during breakouts.

Key Levels & Outlook

Fibonacci retracements highlight 0.0265 (38.2%) and 0.0270 (61.8%) as critical levels. A close below 0.0265 could extend the move toward 0.0258–0.0260. A retest of 0.0270–0.0275 would likely remain bearish unless strong bullish volume confirms a reversal.

WOOUSDT appears to be in a bearish phase with limited upside potential. Traders should monitor the 0.0265 level for signs of rejection or breakdown. As always, market conditions can shift rapidly; a sudden bullish catalyst or increased volatility could disrupt this pattern.