WOO/Tether Market Overview – 2025-10-10

• WOO/Tether rallied to a 24-hour high of $0.0727 before retreating to close near $0.0687 amid heavy volume.
• Price surged from $0.0639 to $0.0727, forming bullish divergences on RSI and multiple bullish candlestick patterns.
• Volatility expanded sharply after 13:30 ET, with WOOUSDT breaking above key resistance levels and retesting key Fibonacci levels.
• Bollinger Bands widened post-breakout, suggesting potential for continuation or consolidation.
• High turnover of $487,033.10 at the end of the 24-hour period indicated significant interest at the lower end.

WOO/Tether (WOOUSDT) opened at $0.0649 on 2025-10-09 at 12:00 ET, rose to a high of $0.0727, fell to a low of $0.0639, and closed at $0.0644 by 12:00 ET on 2025-10-10. Total volume across 24 hours was 25.8 million contracts, with a notional turnover of $487,033.10.

On the 15-minute OHLCV data, WOOUSDT formed a series of bullish patterns throughout the session, including a bullish engulfing pattern following a deep correction below $0.066 and a strong hammer near $0.0639. Key support levels appear to be forming at $0.066 and $0.0645, with resistance levels evident at $0.0675 and $0.069. The price action suggests buyers are stepping in aggressively after key Fibonacci retracement levels were tested.

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover near $0.0675, while the 50-period daily moving average currently sits around $0.0665. MACD turned positive during the late morning and afternoon hours, confirming bullish momentum. RSI hit overbought territory above 70 multiple times, but price continued higher, suggesting strong conviction among buyers. Bollinger Bands were in a wide state post-breakout, indicating increased volatility.

Volume spiked significantly during the 13:30 ET to 15:30 ET window as price broke above key resistance and then corrected sharply. Notional turnover rose sharply during the rally and again during the pullback, with no notable divergence between volume and price. A 15-minute retracement from $0.0727 to $0.0687 saw price retest the 61.8% Fibonacci level ($0.0694) and then consolidate at 50% ($0.0664), indicating strong structure in the short-term.

Backtest Hypothesis
The backtesting strategy outlined involves identifying a bullish engulfing pattern on a 15-minute chart after a defined Fibonacci retracement, followed by a long entry once the price closes above the high of the pattern with a trailing stop-loss at the recent low. The strategy also incorporates a MACD crossover as a confirmation filter. Given the recent structure and volume pattern, WOOUSDT appears to align with this setup during the 16:45–17:00 ET window on 2025-10-09. If repeated, this pattern could signal a potential continuation of the upward bias.