Cookie DAO/Tether Market Overview for 2025-09-20

• Cookie DAO/Tether (COOKIEUSDT) rose from 0.1284 to 0.1308, showing a bullish reversal pattern after a consolidation phase.
• Momentum increased mid-day, with RSI reaching overbought territory and MACD crossing into positive territory.
• Volatility expanded in the afternoon, with price testing Bollinger Band upper levels and volume surging past 100,000.
• Notable divergence occurred between price and turnover after 21:00 ET, hinting at potential short-term profit-taking.
• Fibonacci levels at 0.1313 and 0.1294 acted as dynamic resistance and support, respectively, on the 15-minute chart.

The Cookie DAO/Tether (COOKIEUSDT) pair opened at 0.1284 on 2025-09-19 at 12:00 ET and closed at 0.1282 on 2025-09-20 at 12:00 ET. During the 24-hour period, price reached a high of 0.1313 and a low of 0.1271. Total volume was 16,229,517.0 and total turnover amounted to approximately 2,080,691.0 USDT.

Structure & Formations

The 15-minute chart revealed a bullish reversal pattern around 05:00 ET, with a morning star forming at key support near 0.1295. Price then tested and held above a critical 0.1300 level, confirming a breakout from a descending triangle pattern that had been forming over the prior six hours. A bearish engulfing pattern emerged after 23:00 ET, suggesting potential exhaustion of the bullish move. Additionally, a doji formed near 0.1306, indicating indecision among traders ahead of the next session.

Moving Averages

On the 15-minute timeframe, price broke above the 20-period and 50-period moving averages, closing the 12:00 ET candle above both. On the daily chart, 50- and 100-period moving averages were in bullish alignment, with price trading above both. The 200-period MA acted as a baseline support, which held for most of the session, though it was briefly pierced in the early morning hours.

MACD & RSI

MACD turned bullish after 04:00 ET, with the histogram expanding as momentum gathered. By 06:00 ET, the line crossed above zero, confirming a shift in sentiment. RSI moved into overbought territory above 65 by 07:00 ET and remained elevated until 11:00 ET. A divergence formed between RSI and price after 14:00 ET, as RSI declined while price held above 0.1290. This suggests a potential exhaustion of bullish momentum ahead.

Bollinger Bands

Volatility expanded notably between 04:00 and 09:00 ET, with the Bollinger Bands widening to reflect increased market activity. Price tested the upper band multiple times, particularly between 06:00 and 08:00 ET, with several candles closing near the upper boundary. During the late afternoon, volatility contracted slightly, with price consolidating within a tighter range. The upper band sat near 0.1313, the exact high of the day, while the lower band hovered around 0.1294.

Volume & Turnover

Volume surged past 100,000 at 06:00 ET, coinciding with a breakout above key resistance at 0.1300. Turnover spiked to over 1,300,000 USDT in the hours leading to the high, indicating strong participation from buyers. Divergence emerged between price and volume after 21:00 ET, as price continued to trade above 0.1290 with diminishing turnover. This may signal a potential pause or reversal as buying pressure waned.

Fibonacci Retracements

On the 15-minute chart, the 38.2% retracement level at 0.1313 was a key resistance that held until the morning peak. The 61.8% level at 0.1294 became a dynamic support zone, with price consolidating and rebounding from it multiple times. On the daily timeframe, Fibonacci levels from the recent swing high-to-low showed that the 50% retracement at 0.1297 was actively tested, with price responding with mixed volume, suggesting it could act as a pivot for near-term direction.

Backtest Hypothesis

The provided backtesting strategy leverages RSI overbought/oversold signals combined with a 20-period EMA crossover to generate buy/sell triggers. Given the recent RSI divergence and the 20-EMA's positive crossover on the 15-minute chart, this strategy would have entered a long position around 05:00 ET and exited near 11:00 ET. A backtest over the past 24 hours would likely show a positive return, though the late-day divergence may have prompted an early exit or profit target. The strategy's effectiveness appears to be higher in volatile environments, as evidenced by the recent 0.1313 peak and associated volume.