Market Overview for WOOUSDT on 2025-11-05

Summary
• WOOUSDT traded lower, closing 0.0321 after a 15-minute session high of 0.0329.
• Volatility picked up as the price swung between 0.0316 and 0.0329 during the 24-hour period.
• Notional turnover reached $6,865,000 on strong volume, with the final close reflecting a bearish bias.

WOO/Tether (WOOUSDT) opened at 0.0322 on 2025-11-04 at 12:00 ET, touched a high of 0.0329, a low of 0.0316, and closed at 0.0321 by 12:00 ET on 2025-11-05. The 24-hour total volume was 39,457,062 units, with a notional turnover of approximately $6,865,000. The pair experienced a moderate bearish tilt during the session, with a range-bound structure and signs of consolidation.

The 15-minute OHLCV data reveals a volatile session, with price fluctuating between support at 0.0316 and resistance near 0.0329. No definitive reversal patterns like engulfing or doji emerged during the session. However, a series of smaller bearish candles formed after the 0.0325 level was tested multiple times, suggesting short-term bearish momentum.

The 20-period and 50-period moving averages on the 15-minute chart crossed below the price, reinforcing the bearish bias in the short term. On the daily chart, the 50, 100, and 200-period MAs are closely aligned, indicating a sideways trend. The RSI (14) fluctuated between 45 and 60, staying neutral without signaling overbought or oversold conditions. The MACD crossed below the signal line, supporting the bearish bias with decreasing momentum.

Bollinger Bands showed a moderate expansion during the last 6 hours of the session, with the price frequently touching the lower band, which coincided with the 0.0316 support. This suggests traders are eyeing the lower boundary as a potential area for accumulation or short covering. Volume and turnover spiked in the 21:00–24:00 ET timeframe, with no clear divergence from price, signaling confirmation rather than a reversal.

Fibonacci retracement levels drawn from the recent 0.0316–0.0329 swing placed 0.0323 at the 38.2% and 0.0326 at the 61.8% level, aligning with key resistance levels observed in the price action. These levels could become critical for the next few sessions if the trend continues.

The price action appears to favor a continuation of the bearish bias in the near term, with the 0.0321–0.0323 range likely to hold as resistance. A break below 0.0316 could trigger further declines. Traders should remain cautious of volatility spikes, especially if a breakout occurs at either end of the range.

Backtest Hypothesis
A backtest using the Hammer candlestick pattern could provide insight into potential reversal opportunities for WOOUSDT. This pattern typically signals a bottoming reversal when formed during a downtrend, as seen in the 0.0316 support area. If Hammer patterns are identified in historical data, a 3-day holding strategy could be tested for entry points. However, due to current limitations in accessing pre-calculated Hammer-pattern dates for WOOUSDT, the test cannot be completed automatically. A manual override or switching to a supported pair like BTCUSDT would be needed to proceed. This strategy aligns with the observed price behavior near support levels and could help validate the recent bearish consolidation.