WOO/Tether (WOOUSDT) Market Overview

• WOOUSDT declined 7.8% over 24 hours, closing at 0.0623 after failing to hold key intraday resistance.
• Volume spiked during the 04:00–06:00 ET range, suggesting increased bearish participation amid a descending trend.
• RSI and MACD confirmed bearish momentum, with no clear signs of near-term oversold conditions.
• Volatility expanded after 00:00 ET, with price breaching lower Bollinger Band boundaries multiple times.

WOOUSDT opened at 0.0669 at 12:00 ET on 2025-09-24, reached a high of 0.0675, and closed at 0.0623 by 12:00 ET on 2025-09-25. The 24-hour volume totaled 21,789,436.3 with a notional turnover of approximately $1,370,731. Price action showed a sharp bearish trend, punctuated by a bearish engulfing pattern in early morning hours and a failed rally in the afternoon.

Structure & Formations

Price tested key support levels at 0.0650, 0.0640, and 0.0630, with the most recent swing low at 0.0621 acting as a temporary floor. A bearish engulfing pattern formed at 02:30 ET after a failed rally from 0.0641–0.0649. The price action suggested increased bear dominance, with long lower shadows indicating rejection of higher levels. A potential short-term support zone appears to be forming between 0.0620 and 0.0615, though a breakdown below 0.0620 could trigger further bearish pressure.

Moving Averages

On the 15-minute chart, price closed below the 20-period (0.0631) and 50-period (0.0633) moving averages, reinforcing bearish momentum. Daily moving averages (50, 100, and 200) were not provided, but intraday momentum suggests price is likely below all three for the broader timeframe. A retest of the 50-period MA may occur in the next 24 hours, with a close above it representing a potential reversal signal, though this seems unlikely without a strong bullish catalyst.

MACD & RSI

The MACD line turned negative and maintained a bearish divergence with price, especially after 04:00 ET. The RSI dipped below 30 during the 05:00–07:00 ET window, signaling oversold conditions, but failed to bounce due to lack of follow-through buying. This suggests continued bearish pressure and a higher probability of further downward movement if no major bullish events occur.

Bollinger Bands

Volatility expanded significantly after 00:00 ET as price broke below the lower Bollinger Band multiple times, suggesting a high-risk, high-reward environment. The narrow band contraction prior to the break indicated a potential breakout scenario, which played out to the downside. Price remains below the 20-period Bollinger Band, reinforcing a bearish bias unless a decisive reversal develops near key support levels.

Volume & Turnover

Trading volume surged during the 04:00–06:00 ET timeframe, coinciding with a sharp decline in price from 0.0634 to 0.0628, suggesting increased bear participation. The volume-to-price divergence was confirmed as price continued to fall despite lower trading intensity after 09:00 ET, indicating weakening bear momentum. Turnover also declined in the final hours, hinting that short-term selling pressure may be waning.

Fibonacci Retracements

Fibonacci levels drawn on the recent 0.0621–0.0675 swing identified 0.0644 (38.2%) and 0.0636 (61.8%) as critical areas. Price failed to hold above 0.0636 during the 06:00–08:00 ET session, confirming bearish sentiment. The next key Fibonacci level below is 0.0625 (78.6%), which may act as a short-term support or trigger further liquidation if broken decisively.

Backtest Hypothesis

The backtest strategy involves entering a short position when RSI falls below 30 on the 15-minute chart and MACD crosses below the signal line with a bearish divergence in volume. The exit is triggered when RSI crosses above 40 or when price breaches the 50-period MA on a bullish close. A stop-loss is placed above the 61.8% Fibonacci level. This setup aligns with the bearish structure observed today, especially in the 04:00–06:00 ET window, and could serve as a robust short-term trading strategy for the next 24–48 hours.