Market Overview for WOO/Tether (WOOUSDT): Bearish Consolidation Amid Key Technical Levels

• WOOUSDT declines 5.8% over 24 hours amid bearish momentum and declining volume.
• Price consolidates near 0.0307, with Fibonacci support at 0.0304 and resistance at 0.0315.
• MACD and RSI signal bearish exhaustion, with price testing lower Bollinger Band.
• Divergence between volume and price raises caution over further downside risk.
• Market remains in a bearish trend with 20- and 50-period MA lines sloping downward.

WOO/Tether (WOOUSDT) opened at 0.0329 on 2025-11-05 12:00 ET and closed at 0.0307 by 12:00 ET on 2025-11-06. The pair touched a high of 0.0332 and a low of 0.0302, reflecting a volatile 24-hour session. Total trading volume amounted to 8,736,330.0, while notional turnover reached $280,758. The bearish bias has intensified, with the price failing to reclaim key resistance levels, suggesting a possible continuation of the downward trend.

Structure & Formations

Price action on the 15-minute chart showed bearish continuation with a series of lower highs and lower lows. Notable patterns included a bearish engulfing pattern at 0.0329 and multiple doji candles around 0.0315–0.0317, signaling indecision. The price has found temporary support near 0.0304, where Fibonacci retracement levels and the lower Bollinger Band align, suggesting a possible short-term floor. However, if this level breaks, the next key support would be at 0.0297.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remain bearishly aligned, with the 20 MA at 0.0319 and the 50 MA at 0.0321. The price is well below both, reinforcing the bearish momentum. On the daily chart, the 50-period MA is at 0.0330, the 100-period at 0.0335, and the 200-period at 0.0340. WOOUSDT is in a clear downtrend relative to these averages, with the 50-period line acting as a dynamic resistance.

MACD & RSI

The 15-minute MACD shows the line below the signal line, with a bearish divergence forming. The RSI stands at 27.1, entering oversold territory, but without a strong bullish reversal, this may only delay further decline rather than reverse the trend. The bearish momentum appears to be exhausting, but a sustained move above 0.0315 would be needed to confirm a reversal.

Bollinger Bands

WOOUSDT is currently near the lower Bollinger Band, which coincides with the 0.0304 Fibonacci level. The bands have widened significantly from earlier in the day, suggesting increased volatility. The price remains at the lower boundary, which may either trigger a bounce or further breakdown depending on volume confirmation. A break below 0.0302 would expand the channel and target the next support at 0.0297.

Volume & Turnover

Volume has remained elevated during the decline, with the most notable spikes at 0.0318 and 0.0308, confirming key resistance and support levels. However, recent volume has shown signs of divergence, with decreasing volume on the breakdown to 0.0302, suggesting potential exhaustion in the short term. Turnover has been relatively consistent, with no sharp spikes to indicate sudden institutional selling.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute move from 0.0332 to 0.0302, key levels include 38.2% at 0.0320, 50% at 0.0317, and 61.8% at 0.0314. The price has tested the 61.8% level multiple times but has failed to hold above it. On the daily chart, the broader move from 0.0339 to 0.0304 shows 61.8% at 0.0314, a critical level to watch for potential bounces or further breakdowns.

Backtest Hypothesis

The MACD Death Cross, observed on October 27, 2022, for WOO/Tether, triggered a 30.15% price decline. This backtest highlights the utility of the MACD as a bearish signal when confirmed by volume and price action. In today’s context, the MACD remains below the signal line with bearish divergence, aligning with the historical pattern. If the price breaks below 0.0304, a similar bearish trajectory could be expected, reinforcing the relevance of this technical signal in current conditions.