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Summary
• WOOUSDT consolidates near key support at 0.0238, with bearish engulfing patterns emerging.
• Momentum slows as RSI trends sideways, indicating potential indecision.
• Volume spikes confirm bearish pressure, with a 24-hour turnover of $9.96M.
Price Action and Volume Summary
The WOO/Tether (WOOUSDT) pair opened at 0.024 on 2025-12-16 at 12:00 ET, reached a high of 0.0242, and a low of 0.0234 before closing at 0.0235 on 2025-12-17 at 12:00 ET. Total volume amounted to 10,389,133.3 units, with notional turnover at approximately $9.96M.
Structure & Candlestick Patterns
Price found initial resistance around 0.0242, with multiple bearish engulfing patterns and a large bearish candle at 0.0234–0.0236 signaling exhaustion in the bullish side. A doji formed near 0.0238, indicating indecision. Key support appears at 0.0235–0.0236, with a possible retest expected.
Moving Averages and Momentum Indicators
On the 5-minute chart, price remains below the 20- and 50-period moving averages, reinforcing short-term bearish bias. The RSI trends sideways around 40–50, lacking clear momentum. MACD shows a shrinking histogram and a bearish crossover, suggesting a potential pullback or continued consolidation.
Volatility and Bollinger Bands
Volatility has contracted, with the last 12 hours showing a narrow range between the mid- and upper Bollinger bands. A break below the lower band may follow if bearish momentum gains traction, though no clear expansion has occurred yet.
Volume and Turnover Analysis
Volume surged during the 2025-12-16 18:30–19:15 ET window, coinciding with a breakdown to 0.0238. Notional turnover peaked at around $2.2M during that window. Price and volume remain aligned, with no clear divergence yet.
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Fibonacci Retracements
The recent bearish swing from 0.0242 to 0.0234 aligns with key Fibonacci levels. A 38.2% retracement sits at 0.0239, while 61.8% is at 0.0236—areas where the pair may encounter support or resistance in the near term.
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