WOO/Tether Market Overview for October 14, 2025

• Price surged from 0.0484 to 0.0504 before consolidating into a bearish phase
• RSI hit overbought territory, suggesting potential pullback
• Bollinger Bands show volatility expansion after a period of contraction
• Volume surged during the bullish breakout but declined during the pullback
• A key resistance level appears to be forming near 0.0498–0.0501

At 12:00 ET on October 13, 2025, WOO/Tether (WOOUSDT) opened at 0.0484 and reached an intraday high of 0.0505. The pair closed at 0.0454 by 12:00 ET on October 14, dipping below the opening level. The 24-hour volume was 58,510,412.2 units, with a total turnover (amount) of 96.6 WOO. The price experienced a strong bullish breakout in the late afternoon before entering a bearish consolidation phase, supported by key technical indicators.

Structure & Formations

The price formed a bearish engulfing pattern during the early morning hours of October 14, confirming a shift in momentum from bullish to bearish. A strong resistance zone was observed between 0.0498 and 0.0501, which the price attempted to break multiple times before retreating. A critical support level emerged around 0.0462–0.0466 after a sharp decline in the early morning. A doji candle appeared around 02:45 ET, signaling indecision in the market before the downward move accelerated.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover in the early hours of October 14, reinforcing the downward bias. On the daily chart, the 50-period SMA acted as a resistance line, while the 200-period SMA remained below the current price, indicating a potential medium-term bearish bias. The 100-period moving average provided minor support around 0.0473–0.0477 but failed to hold as the price continued its decline.

MACD & RSI

The MACD crossed below the signal line in the early hours of October 14, confirming a bearish shift. The histogram showed a strong bearish divergence after the price reached a peak near 0.0501. RSI hit an overbought level above 70 during the rally, then rapidly declined into oversold territory, suggesting the market may be nearing a short-term bottom. However, caution is warranted as RSI can stay overbought for extended periods in strong trends.

Bollinger Bands

Volatility increased sharply following the bearish engulfing pattern and the formation of the resistance level at 0.0498–0.0501. The price remained outside the upper band during the bullish breakout, indicating strong momentum, but quickly fell into the lower band following the reversal. A volatility contraction may be forming around 0.0452–0.0456, potentially setting the stage for another breakout in either direction.

Volume & Turnover

Volume surged during the bullish breakout, with a 15-minute candle showing a volume spike of over 2.6 million units. However, volume significantly decreased during the subsequent bearish phase, suggesting a lack of conviction in the sell-off. The turnover also declined during the consolidation phase, indicating reduced notional value per trade. A divergence between price and volume during the late morning hours may signal a potential reversal.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.0482 to 0.0505 shows a 38.2% level at 0.0492 and a 61.8% level at 0.0489. These levels acted as short-term resistance during the consolidation phase. On the daily chart, the 61.8% retracement level aligns with the 0.0462–0.0466 range, where the price found support during the late morning and early afternoon.

Backtest Hypothesis

A backtest strategy based on the Bearish Engulfing pattern would provide valuable insight into potential sell signals. The Bearish Engulfing pattern occurs when a bullish candle is followed by a larger bearish candle that completely engulfs the previous candle’s body. These patterns typically act as short-term reversal signals and can be used to trigger sell orders. Given the strong Bearish Engulfing pattern observed around 02:45 ET and the subsequent price movement, this pattern may serve as a reliable sell signal in the WOO/Tether market. Future backtests should include historical examples of this pattern to evaluate its predictive power in different volatility environments.