WOO/Tether (WOOUSDT) Market Overview for 2025-09-18

• Price surged 7.1% from $0.0673 to $0.0716, driven by strong buying in the 19:00–20:30 ET window.
• Momentum accelerated with RSI rising from 52 to 69, indicating overbought conditions by late ET.
• Volatility expanded as Bollinger Bands widened, with price trading near upper bands most of the day.
• Volume spiked 3.5x above average in the 03:00–04:30 ET timeframe, coinciding with key price highs.
• A bullish engulfing pattern formed at $0.0673–$0.0683, followed by consolidation and a breakout above $0.0710.

The WOO/Tether (WOOUSDT) pair opened at $0.0673 on 2025-09-17 at 12:00 ET and closed at $0.0716 by the same time on 2025-09-18. The price reached a high of $0.0716 and a low of $0.0666 over the 24-hour period. Total volume amounted to 37.3M WOO, while notional turnover reached $2.63M.

Price behavior unfolded in a clear two-stage pattern: a slow consolidation phase from 12:00 to 19:00 ET, followed by a sharp upward breakout and acceleration. Key technical indicators reflected the increasing momentum: the 20-period EMA crossed above the 50-period line around 19:00 ET, and RSI rose into overbought territory by 20:30 ET. Bollinger Bands expanded from a narrow range in the morning to a wide band by mid-evening, confirming heightened volatility.

Support and resistance levels became evident through the formation of a bullish engulfing pattern at $0.0673–$0.0683, followed by a breakout to $0.0716. The 61.8% Fibonacci retracement of the earlier consolidation moved into a critical resistance zone near $0.0705, which was breached decisively. On the 15-minute chart, the 20/50 EMA crossover provided a strong confirmation signal for the uptrend.

MACD showed a rising histogram and a positive crossover in the 19:00–20:00 ET window, aligning with the breakout. Volume spiked dramatically in the 03:00–04:30 ET period, particularly around the $0.0716 peak, where 110k WOO changed hands in a single 15-minute interval. This volume surge confirmed the bullish signal and suggested strong buying pressure at that level.

Looking ahead, the 0.0716–0.0725 range could become the next test for WOOUSDT, with a potential pullback toward the 0.0705–0.0708 zone expected before the next move. Traders should monitor the 200-period SMA and watch for a possible RSI divergence as a warning sign of overbought conditions. A break above $0.0725 may signal a new bullish trend, but caution is warranted if price retraces below $0.0700.

Backtest Hypothesis

The described breakout pattern and volume confirmation at $0.0716 can be backtested using a strategy that triggers a long position when the 20-period EMA crosses above the 50-period EMA, volume increases by 300% above the 24-hour average, and the price closes above the 61.8% Fibonacci retracement level of a recent consolidation. A stop-loss could be placed at the recent swing low, and a take-profit target at the next Fibonacci extension or upper Bollinger Band. This approach would test the reliability of the breakout pattern in similar market conditions, focusing on high-probability entries with defined risk.