Cookie DAO/Tether Market Overview

• Cookie DAO/Tether closed 0.0897–0.0828 over 24 hours, with a final close near 0.0828.
• Price action showed bearish momentum with multiple lower closes and a 0.0814 intraday low.
• Volume surged during the 0.0822–0.0819 range, suggesting potential short-term exhaustion.
• RSI near 30 suggests oversold conditions, though bearish engulfing patterns remain prominent.

COOKIEUSDT opened at 0.0897 on 2025-10-21 at 12:00 ET, reached a high of 0.0903, and a low of 0.0814 before closing at 0.0828 as of 12:00 ET on 2025-10-22. Total volume across the 24-hour period was 5.62M, with a notional turnover of $464,233. Price action showed extended bearish pressure, especially during the overnight session.

Structure & Formations

Price action on COOKIEUSDT displayed multiple bearish signals, including bearish engulfing patterns and long lower shadows. The most significant pattern formed around 0.0826, where a large bearish candle confirmed distribution. A key support level appears near 0.0814–0.0817, with resistance at 0.0831–0.0833. A potential short-term base may be forming near 0.0824–0.0826, where volume and price action suggest buyers may be testing the floor.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs both crossed below key swing highs, indicating bearish momentum. The daily chart shows the 50-period and 100-period SMAs in a downtrend, with the 200-period SMA acting as a long-term resistance. Price remains below all three, suggesting short- and mid-term bearish bias unless a decisive break above 0.0835 occurs.

MACD & RSI

The MACD on the 15-minute chart showed a negative divergence as price made a new low while the MACD did not, hinting at potential short-term stabilization. RSI dipped into oversold territory (near 30) during the 0.0822–0.0819 move but failed to generate a bullish reversal. This suggests that while oversold conditions exist, bearish pressure remains intact unless a breakout above 0.0835 occurs.

Bollinger Bands

Volatility expanded overnight as price traded between the upper and lower Bollinger Bands, with the 20-period band width peaking near 0.0836–0.0814. Price currently sits near the lower band, reinforcing the idea of oversold conditions. A rebound above the midline may suggest a temporary pullback, but a sustained move above the upper band would require significant volume confirmation.

Volume & Turnover

Volume spiked during the 0.0822–0.0819 range, signaling strong bearish conviction. However, this was followed by a volume contraction during the 0.0826–0.0831 bounce, suggesting weak follow-through. Total notional turnover was $464,233, with most activity clustered in the 0.0835–0.0819 range. A divergence between price and volume during the 0.0826–0.0831 rally suggests caution for bullish bets.

Fibonacci Retracements

On the 15-minute chart, the 0.0814 low and 0.0844 high define the most recent swing. The 0.0826 level corresponds to the 38.2% retracement, where price has shown some consolidation. On the daily chart, a major swing low at 0.0850 and high at 0.0883 mark the 61.8% retracement at 0.0867, a potential future resistance level.

Backtest Hypothesis

To refine the short-term trading strategy, a precise trading pair symbol is essential. The current backtest hypothesis involves identifying bearish engulfing patterns and testing exits over a 3–5 day horizon. The data currently references COOKIEUSDT, but confirmation is needed that this is the correct ticker for Cookie DAO/Tether on your data source. If so, the next step would involve pulling pattern dates and running the backtest from 2022 to 2025.

Forward-looking, COOKIEUSDT could test the 0.0814–0.0817 support cluster over the next 24 hours, but a rebound above 0.0835 may spark a short-term bounce. Traders should remain cautious due to the bearish momentum and bearish engulfing patterns. A breakout above 0.0835 with strong volume could shift sentiment, while a close below 0.0814 may signal deeper bearish pressure.