Market Overview for WOO (WOOUSDT)

• WOOUSDT surged 5.5% in 24 hours, driven by strong volume and a bullish breakout above key resistance.
• Strong momentum confirmed by rising MACD and RSI approaching overbought territory, indicating short-term bullish bias.
• Volatility expanded as price tested and closed above the upper Bollinger Band, signaling increased conviction.
• On-balance volume confirmed price strength, with no significant divergence observed.
• Fibonacci retracement levels suggest 0.0921–0.0927 as potential near-term resistance.

WOOUSDT opened at $0.0855 on 2025-07-19 12:00 ET and closed at $0.0915 at 12:00 ET on 2025-07-20, reaching a high of $0.0927 and a low of $0.0848. Total volume traded over 24 hours was 11,045,658.3, with a notional turnover of $996,751.25.

Structure & Formations

WOOUSDT broke above a key 15-minute resistance level at $0.0885 and continued upward into a new consolidation phase around $0.0915. A bullish engulfing pattern emerged at the $0.0885–$0.0886 level, followed by a strong continuation of higher highs and higher lows. A bearish reversal pattern (hanging man) briefly appeared at $0.0908, but was quickly invalidated by strong follow-through buying.

Moving Averages

On the 15-minute chart, price closed above both the 20 and 50-period moving averages, confirming a short-term bullish bias. The 20-period MA crossed above the 50-period MA earlier in the session, forming a golden cross. On the daily chart, the 50-period MA appears to be aligning with the 100-period MA, suggesting potential for a longer-term trend continuation.

MACD & RSI

The MACD remained positive throughout the 24-hour period, with the signal line rising in tandem, indicating sustained momentum. The RSI reached levels approaching 70, suggesting the pair may be overbought in the short term. However, due to the strong volume confirmation, this could be seen as a continuation of a bullish trend rather than an exhaustion signal.

Bollinger Bands

Volatility expanded significantly as price broke out of a narrow consolidation range into a wide trading band. Price closed above the upper Bollinger Band at $0.0917, indicating strong conviction in the bullish move. The band width increased from ~0.0008 to ~0.0015, showing a clear expansion in market activity.

Volume & Turnover

Volume surged during the breakout phase, particularly around $0.0885–$0.0886, with a single 15-minute candle at 2025-07-20 06:00 ET showing a volume of 1,146,424.8 and a turnover of $103,203.13. Notional turnover increased in tandem with price, confirming the bullish narrative. No significant divergence between price and volume was observed, suggesting strong buyer participation.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.0848 to $0.0927, key retracement levels are at $0.0888 (38.2%) and $0.0863 (61.8%). Price is now testing the 78.6% level at $0.0915, with the next potential target at the full 100% extension of $0.0927. Daily Fibonacci levels from the recent low of $0.0855 to $0.0927 suggest $0.0906 as a critical support and $0.0921 as a key resistance.

Looking ahead, WOOUSDT may test the $0.0927–$0.0930 range in the next 24 hours, but traders should remain cautious for a potential pullback to test the 38.2% retracement at $0.0888. As always, market conditions can shift rapidly, and a sudden increase in bearish volume or a break below $0.0906 could signal a reversal.