Market Overview for WOO/Tether (WOOUSDT)

Summary
• WOOUSDT broke above 0.0283 after a bullish 5-minute engulfing pattern at 19:15 ET.
• Volatility expanded as price tested 0.029 and 0.03, with volume spiking above 500k units.
• RSI hovered near 60, suggesting rising momentum but no overbought signal as of 06:45 ET.
• Bollinger Band width widened with price staying above the 20-period MA for the last 6 hours.

24-Hour Summary

WOO/Tether (WOOUSDT) opened at 0.0273 on 2026-01-10 12:00 ET, reached a high of 0.0301, a low of 0.0273, and closed at 0.0294 by 2026-01-11 12:00 ET. Total traded volume was 17,419,984.6 units, with turnover amounting to $508,413.26.

Structure & Formations

The 5-minute OHLCV data revealed a key bullish engulfing pattern at 19:15 ET, with the close of 0.0283 confirming a breakout from the prior bearish consolidation. A strong bullish reversal was also evident at 22:30 ET when the pair surged to 0.029, followed by a continuation above 0.0294. Resistance levels emerged at 0.0295 and 0.03, with price attempting to hold above the prior 0.0285-0.0286 range. A bearish doji formed at 01:15 ET, signaling potential indecision before a rebound.

Moving Averages

On the 5-minute chart, WOOUSDT consistently traded above both the 20 and 50-period MAs after 19:15 ET, reinforcing the short-term bullish bias. The 20 MA acted as a dynamic support, holding price above 0.0282 for most of the session. On the daily chart, the 50 and 100-period MAs are converging near 0.029, which may serve as a pivot for the next 24 hours.

MACD & RSI

The MACD crossed into positive territory at 22:30 ET and remained bullish throughout the session, with the histogram widening during the 23:00–02:45 ET period. RSI climbed to 60 by 04:15 ET, indicating rising momentum but not yet overbought territory. A minor divergence was observed at 03:00 ET, where price hit a new high but RSI did not, suggesting potential exhaustion.

Bollinger Bands

Volatility increased significantly as Bollinger Bands expanded from ~0.0008 to ~0.0028 during the session. Price spent most of the day above the 20-period MA and within the upper half of the bands, reinforcing a strong short-term uptrend. A contraction phase occurred briefly between 03:30–04:30 ET before a sharp rebound, indicating a potential false breakout scenario.

Volume & Turnover

Volume spiked over 4.3 million units at 22:30 ET, coinciding with a breakout to 0.0287, followed by a secondary peak at 02:45 ET with 2.6 million units as price reached 0.0299. Turnover also surged in these periods, confirming bullish conviction. A divergence emerged at 01:15 ET, where price made a new high but volume declined, suggesting waning buying pressure.

Fibonacci Retracements

Applying Fibonacci to the 0.0273–0.0283 swing, the 0.0287–0.0294 range aligns with the 61.8% and 78.6% retracement levels, which acted as temporary ceilings. On the daily chart, the 0.0294–0.0296 range sits near the 38.2% retracement of the 0.027–0.0301 move, suggesting a probable consolidation zone ahead.

Forward-Looking Observations

The current rally may test the 0.0301–0.0304 range as the next resistance, where a pullback or consolidation phase could occur. A break below 0.0285 may signal short-term weakness, particularly if volume declines. Investors should monitor 0.029 as a key support level over the next 24 hours, with risk of a reversal if price fails to hold above it.