Market Overview for Cookie DAO/Tether (COOKIEUSDT) - 2025-09-13

• Price surged over 6% in 24 hours amid rising volume and bullish momentum.
• 15-minute candles showed strong bullish engulfing and breakouts above key resistance levels.
• RSI crossed into overbought territory, suggesting potential pullback.
• Volatility expanded, with price moving beyond upper Bollinger Bands in final hours.
• Turnover spiked sharply during the final 6 hours, hinting at increased speculative activity.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.1362 on 2025-09-12 at 12:00 ET and surged to a 24-hour high of 0.1456 before closing at 0.1453 on 2025-09-13 at 12:00 ET. The pair traded between 0.1362 and 0.1477, with a total volume of 11,703,536.3 and turnover of $1,703,709.43 (calculated as volume × average price).

The price action was bullish throughout the day, with significant buying pressure evident in the late afternoon and early evening (ET). Notable candlestick patterns included a bullish engulfing pattern around 19:30–20:00 ET and a breakout above 0.1435, which acted as a key resistance level.

Structure & Formations

Key support levels were identified at 0.1419 and 0.1426, while price tested and then broke through resistance at 0.1435, 0.1445, and 0.1456. A long-legged doji at 0.1451 near the close may signal indecision, suggesting that further consolidation or a minor pullback could follow.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period MA (a golden cross), reinforcing the bullish bias. On the daily chart, the 50-day MA at 0.1430 appears to act as dynamic support, now slightly lagging the current price. The 200-day MA is further below at 0.1408, indicating a long-term uptrend in place.

MACD & RSI

The MACD line turned positive and showed expanding positive momentum in the final hours of the session. The RSI surged to overbought territory (~72) by the close, suggesting that a near-term correction may be likely, though the bullish trend remains intact.

Bollinger Bands

Volatility increased sharply as price moved beyond the upper Bollinger Band for the first time in 24 hours near 0.1477. The bands had been contracting earlier in the day, indicating a potential breakout, which was indeed confirmed in the late trading hours.

Volume & Turnover

Volume remained consistently elevated through the late afternoon and spiked near the close, with over 1.17 million units traded during the 13:00–14:00 ET hour. Turnover closely followed, with large spikes coinciding with the price breakouts and the final 15-minute candle showing the highest turnover of the day.

Fibonacci Retracements

On the 15-minute chart, price retested the 61.8% Fibonacci level at 0.1435 before surging higher. The 138.2% extension level near 0.1477 was briefly hit during the late trading hours. For the daily chart, a key 61.8% retracement level at 0.1448 is likely to act as a near-term resistance.

Backtest Hypothesis

A potential backtest strategy could be to enter a long position when the 20-period MA crosses above the 50-period MA on the 15-minute chart, provided the RSI is above 50 but below overbought levels, and volume has increased by at least 50% from the average. A stop-loss could be placed just below the nearest Fibonacci support level, and a take-profit target could align with the 138.2% extension level. This strategy would aim to capture breakout momentum while managing downside risk through volatility-based stops.