WOOUSDT Volume Spikes But Price Won’t Budge

Summary
• Price remained within a tight range around 0.0178, with no decisive breakout.
• Volume surged during the 20:45–21:00 ET period, but price action remained range-bound.
• RSI showed mild overbought conditions at 61.8% Fibonacci, but no sustained momentum.

WOO/Tether (WOOUSDT) opened at 0.0177 on 2026-02-06 12:00 ET, peaked at 0.0182, traded as low as 0.0175, and closed at 0.0180 as of 2026-02-07 12:00 ET. Total volume reached 13,523,075.8, and turnover amounted to 236,024.56.

Structure & Formations

Price action remained compressed within a 0.0175–0.0182 range, with 0.0178 acting as a key pivot level. Several bullish and bearish engulfing patterns emerged near the 0.018 level, suggesting internal indecision. A long-legged doji formed around 23:45 ET, hinting at potential exhaustion in either direction.

Moving Averages

On the 5-minute chart, the 20-period SMA (0.01785) and 50-period SMA (0.01783) closely aligned, reinforcing the range-bound environment. No clear directional bias emerged from the short-term averages.

MACD & RSI

MACD oscillated within a neutral range, with no clear histogram expansion or contraction. RSI reached 63 at 23:15 ET, indicating mild overbought conditions, but failed to sustain above 60, suggesting weak momentum.

Bollinger Bands

Volatility remained moderate, with the bands widening slightly during the 20:45–21:00 ET spike. Price frequently touched the mid-band, suggesting a continuation of consolidation.

Volume & Turnover

Volume spiked over 1.6 million during the 20:45–21:00 ET window but failed to break out of the 0.0178–0.0182 range. Turnover confirmed volume increases but showed no clear divergence with price, indicating balanced buying and selling pressure.

Fibonacci Retracements

A key 5-minute swing from 0.0175 to 0.0182 saw price retesting the 61.8% retracement at 0.0179, but without a clear follow-through. Daily-level retracements from the previous week suggest 0.0176 and 0.0182 as potential near-term pivots.

The market appears to be in a phase of consolidation, with neither buyers nor sellers asserting control. A break above 0.0182 or a retest of 0.0175 could signal a potential shift in bias. Investors should remain cautious, as volatility and directional clarity remain limited.