WOO/Tether Market Overview: 24-Hour Momentum and Breakout

• WOOUSDT traded higher by +6.43% over 24 hours, closing at 0.0343.
• Momentum accelerated in the final hours, with volume surging to 934k and a bullish engulfing pattern observed.
• RSI signaled overbought conditions near 80, and price broke above 20-period MA in the final 15-minute period.
• Volatility expanded with a Bollinger Band breakout, and Fibonacci 61.8% level was surpassed.
• Divergence between volume and price seen mid-day, but was resolved with a strong close.

WOO/Tether (WOOUSDT) opened at 0.0306 on November 6, 2025, and closed at 0.0343 by 12:00 ET on November 7, 2025, with an intra-day high of 0.0344 and a low of 0.0302. The pair surged in price over the last 15-minute intervals, driven by a volume spike of 934,145 units. Total 24-hour volume amounted to 12,059,222 units, while notional turnover reached $403,361 (assuming $1 = 1 Tether).

The price action showed a distinct shift in momentum during the last four hours of the period. A bullish engulfing pattern formed as price closed above the previous candle’s body, signaling strong buying pressure. WOOUSDT also broke above its 20-period moving average with increasing velocity, a sign of short-term strength. Meanwhile, the 50-period moving average remained below the current price, indicating a continuation of a recent uptrend.

Momentum indicators confirmed the strength in the move. The RSI surged to near overbought territory (~80), suggesting potential exhaustion of bullish momentum or a continuation if buying pressure persists. MACD crossed above its signal line earlier in the session and remained positive, reinforcing the upward bias. Bollinger Bands reflected expanding volatility as price moved decisively above the upper band for the first time in the 24-hour window. On a Fibonacci retracement scale, the final swing high surpassed the 61.8% level, a key psychological threshold for short-term traders.

The volume profile showed a divergence with price during the mid-session correction, when price dipped below 0.0325 while volume remained relatively muted. This divergence was later resolved with a sharp volume-driven reversal. As WOOUSDT approached key resistance levels, it appears to have attracted increased accumulation interest, with price holding above prior highs and showing limited bearish rejection. However, the overbought RSI reading may indicate a potential pullback or consolidation phase ahead, especially if buyers show exhaustion at current levels.

The backtest hypothesis is built around leveraging the recent strength in WOOUSDT, particularly the bullish engulfing pattern and the break above key moving averages. A potential entry could be placed at the open of the candle immediately following the engulfing pattern, with a target at the 20-period moving average as a short-term profit-taking level. A stop-loss could be placed just below the previous swing low (e.g., 0.0312). While the current backtest engine supports only daily signals, the strategy could be approximated by treating the entry and exit as same-day positions, using the open or close of the next day for execution. This approach would help align the timing with the actual signal while maintaining the core idea of capturing short-term momentum.