Cookie DAO/Tether USDt Market Overview

• Price surged 8.7% from $0.1114 to $0.1195 on rising volume, with momentum peaking mid-day.
• RSI hit overbought territory above 70, suggesting short-term exhaustion.
• Volatility expanded with a 15-minute high-low range of 0.0016, reflecting heightened market activity.
• Bollinger Bands widened post-noon, indicating growing uncertainty.
• Final close at 0.1195 amid heavy afternoon buying interest, closing above 0.1185 key level.

Cookie DAO/Tether USDt (COOKIEUSDT) opened at 0.1114 on 2025-09-04 12:00 ET and closed at 0.1195 at 12:00 ET on 2025-09-05, with a high of 0.1223 and a low of 0.1111. Total 24-hour volume reached 5,614,324.4 units, and notional turnover was $669,939.37, signaling strong trading interest.

Structure & Formations

The 15-minute chart displayed a bullish reversal pattern from 0.1111, with a bullish engulfing formation forming around 0.1134–0.1139 and a hammer at 0.1128–0.1135. Resistance levels were identified at 0.1150 and 0.1180, with the price breaking through the former before consolidating above 0.1185. A key support level was noted at 0.1140–0.1145. The price action showed a sustained upward bias after 02:00 ET, with no bearish reversal patterns confirming the move higher.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were aligned below price action after 04:00 ET, indicating strong bullish momentum. The 20 MA crossed above the 50 MA in a golden cross at 03:45 ET, reinforcing the uptrend. For daily timeframes, the 50/100/200 SMA were all bullish, with the 100 SMA lagging slightly but showing no bearish divergence.

MACD & RSI

The MACD crossed into positive territory at 03:30 ET and remained above the signal line, suggesting a strong and ongoing bullish trend. The RSI peaked at 75 around 07:30 ET, indicating overbought conditions, though it remained elevated for several hours, signaling continued buying pressure. No significant divergence between price and RSI was observed during the 24-hour period.

Bollinger Bands

Volatility increased significantly after 06:15 ET, with Bollinger Bands expanding to 0.0016 in width. Price remained within the upper band for several hours, showing strong momentum and a lack of bearish rejection. The expansion suggests increased market participation, particularly in the afternoon.

Volume & Turnover

Volume spiked sharply after 06:15 ET, with a single 15-minute candle registering 2,072,137.1 units at 06:15 ET. This coincided with a 0.117–0.118 price move and a sharp increase in notional turnover to $247,131.64. The correlation between volume and price suggests strong conviction in the move higher.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.1111 to 0.1223, the price retested the 61.8% level at 0.1174 before continuing to 0.1195, which aligns with the 78.6% level. The 38.2% retrace level was at 0.1146, and the price closed above it, indicating strong follow-through.

Backtest Hypothesis

The backtest strategy involves entering long positions when the price breaks above the 20-period MA on the 15-minute chart, with a stop-loss placed below the 50-period MA and a take-profit at the 61.8% Fibonacci level. The data suggests that this setup was triggered multiple times during the 24-hour window, notably at 03:45 ET, with the stop-loss never being hit. The strategy would have captured a 0.0075 (6.7%) gain during this period, indicating a high success rate in this bullish environment.