WOO Market Overview: Bullish Recovery Amid Volatility Expansion

• WOOUSDT rose from $0.0758 to $0.0786 over 24 hours, forming a bullish recovery pattern.
• Price tested key resistance at $0.079 and found temporary support near $0.0785, with moderate volume.
• RSI showed a moderate bullish momentum build, while Bollinger Bands widened, signaling increased volatility.
• A 15-minute bullish engulfing pattern emerged at $0.0782, suggesting short-term buying pressure.
• Turnover surged above $500,000 during the late-night rally, confirming the strength of the upward move.

WOO opened at $0.0758 (12:00 ET–1), reached a high of $0.0795, and closed at $0.0786 (12:00 ET) with a low of $0.0754. Total volume was 5,934,838.5 units, and notional turnover amounted to approximately $461,800 over the 24-hour period for WOOUSDT.

Structure & Formations

Price action on WOOUSDT displayed a clear bullish bias during the overnight session, with a key breakout attempt forming at $0.079 and a subsequent pullback to $0.0785–$0.0786. A bullish engulfing pattern formed at $0.0782–$0.0785, suggesting that short-term buyers may have taken control after a period of consolidation. The 15-minute chart shows multiple attempts to retest the $0.079 resistance, with mixed success. A potential support zone appears to be forming at $0.0783–$0.0786, while resistance remains at $0.079 and possibly $0.0795.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into a bullish alignment in the early morning hours, supporting the upward move. Price closed above both indicators, suggesting a continuation of the bullish trend. On the daily chart, the 50/100/200 EMA alignment remains neutral to slightly bullish, with price currently above the 50-day EMA but below the 200-day EMA, indicating a mixed longer-term outlook.

MACD & RSI

The MACD line crossed above the signal line during the overnight rally, confirming a short-term bullish momentum shift. RSI reached a high of 55–58 during the rally, indicating moderate bullish momentum, but not yet overbought conditions. This suggests that the rally may have room to extend, but caution is warranted if RSI approaches 60–65.

Bollinger Bands

Bollinger Bands expanded significantly during the rally, with price moving from below the lower band to near the middle band. The widening of the bands signals increased volatility and aligns with the volume surge. Price has since consolidated near the middle band, indicating a potential pause in momentum. A sustained move back toward the upper band could confirm a continuation of the bullish trend.

Volume & Turnover

Volume spiked during the late-night rally, with the largest volume spike occurring at $0.079–$0.0795. Notional turnover also rose sharply during this period, confirming the strength of the move. The volume profile suggests that the rally was supported by genuine buying pressure rather than wash trading. However, volume has since decreased, indicating a potential pause in momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.0754 to $0.0795, price found support near the 61.8% level at $0.0783–$0.0785. A break above $0.079 could target the 78.6% retracement at $0.0796–$0.0797, with a full extension potentially reaching $0.0805. On the daily chart, the 38.2% and 61.8% retracements align with $0.079 and $0.0795, respectively, suggesting these levels are critical for near-term direction.

WOO may continue its upward momentum if it clears $0.079 resistance with strong volume, but it could face a pullback into the $0.0785–$0.0786 support zone if buying pressure wanes. Investors should watch for a potential break above $0.0795 to confirm a stronger bullish bias. As always, be mindful of broader market risks that could impact the crypto sector as a whole.