Summary
• Price consolidates between $0.0283–$0.0291 on WOO/Tether.
• Volume spikes at $0.0283–$0.0285, confirming support.
• RSI near 50 suggests neutral momentum, no overbought/oversold signals.
• Bollinger Band contraction indicates potential for a breakout.
• Fibonacci 61.8% aligns with key support at $0.0285–$0.0286.
At 12:00 ET on 2026-01-02, WOO/Tether opened at $0.0291, reached a high of $0.0294, a low of $0.028, and closed at $0.0284. Total volume for the 24-hour period was 3,224,121.4 and turnover was $90,745.90.
Structure & Formations
Price action on WOO/Tether has been contained between $0.0283 and $0.0291 over the past 24 hours, with $0.0285 emerging as a key area of interest. A bearish engulfing pattern was observed at $0.0285 during the early hours, followed by a potential bullish reversal at the same level later in the session, indicating possible short-term indecision. A doji appeared at $0.0283–$0.0284, suggesting a potential turning point.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are close together, indicating a flat trend. On a daily basis, the 50-period MA sits near $0.029, above the 100 and 200-period MAs, suggesting longer-term bearish bias.
MACD & RSI
MACD remains neutral, with the histogram hovering around the zero line. RSI is at approximately 50, reflecting equilibrium in momentum, with no clear overbought or oversold conditions. This suggests a possible continuation of consolidation before a directional move.
Bollinger Bands
Bollinger Bands have recently contracted between $0.0285 and $0.0290, suggesting a potential breakout is imminent. Price has oscillated near the mid-band, with a few attempts to break the upper band failing, reinforcing the current range-bound structure.
Volume & Turnover
Volume spiked significantly at the $0.0283–$0.0285 level, especially during the 7:30 AM–8:45 AM ET period, confirming this as a key support zone. Turnover aligned closely with volume, showing no notable divergence.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from $0.028 to $0.0294, the 61.8% level aligns with $0.0285–$0.0286, coinciding with strong buying interest. This suggests a potential pivot for further consolidation or a bounce.
Over the next 24 hours, a breakout above $0.0290 or a rejection below $0.0283 could define the next phase of the trend. Investors should closely monitor volume and RSI for momentum confirmation. A sharp move is possible but comes with heightened risk due to recent volatility.
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