Market Overview: Cookie DAO/Tether (COOKIEUSDT) - 24-Hour Analysis (2025-10-06 to 2025-10-07)

• Price formed a bearish reversal pattern near 0.1326, with a 7.4% decline over 24 hours.
• High volatility and volume spikes emerged between 17:30–19:00 ET, indicating strong short-term interest.
• RSI entered oversold territory at 1515 ET, while MACD turned negative, signaling potential further bearish momentum.
• Bollinger Bands expanded after midday, reflecting growing uncertainty and consolidation.
• Turnover peaked at 113,694.4 USD in the 1345 ET candle, coinciding with a sharp pullback.

The Cookie DAO/Tether pair (COOKIEUSDT) opened at 0.1297 on 2025-10-06 at 12:00 ET, reached a high of 0.1333, fell to a low of 0.1185, and closed at 0.1268 at 12:00 ET on 2025-10-07. The 24-hour total volume was 14,313,022.1 and the total turnover was 1,813,565.2 USD, showing mixed investor activity and increased bearish sentiment.

Structure & Formations

The price formed a clear bearish reversal pattern near the 0.1326 level with a significant pullback in volume and price action. A 15-minute doji appeared at 19:30 ET, suggesting indecision before the downward move. A potential support level emerged around 0.1260–0.1280, where the price has bounced twice, indicating a key area to watch for further bearish confirmation or a potential short-term rebound.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line in early evening, signaling a shift in short-term momentum. On the daily chart, the 50-period MA appears to be forming a bearish crossover with the 100-period MA, supporting a continuation of the downward trend. However, the 200-period MA remains above current prices, suggesting medium-term uncertainty.

MACD & RSI

MACD turned negative by 17:30 ET and remained below the signal line, reinforcing the bearish bias. RSI dropped to 30 in the afternoon session and remained near oversold levels, indicating a possible exhaustion of the downtrend. However, sustained RSI below 30 suggests the trend may continue unless buyers step in to retest key support levels.

Bollinger Bands

Bollinger Bands expanded significantly between 17:30–19:00 ET, driven by sharp price declines and higher volatility. Price has since traded within the lower band for most of the session, suggesting bearish pressure. A break above the lower band could indicate a temporary bounce, but traders should watch for a retest of the 0.1260 level as a potential trigger for further declines.

Volume & Turnover

Volume surged in the 1730–1900 ET window, coinciding with a 2.3% drop in price and a total turnover of 3.3 million USD. In the afternoon session, turnover dipped despite continued bearish movement, suggesting reduced conviction. The divergence between volume and price momentum in the later hours implies caution for potential trend exhaustion or consolidation.

Fibonacci Retracements

The 61.8% Fibonacci retracement level (0.1289) was tested twice but failed to hold, suggesting a deeper pullback is likely. A break below 0.1260 would target the next key support at 0.1237, with the 50-period MA aligning closely with this level. On the 15-minute chart, the 38.2% retracement of recent swings (0.1294) held briefly before the price resumed its downward trajectory.

Backtest Hypothesis

A potential backtesting strategy could involve a long entry at the 50-period MA on the daily chart when RSI dips below 30 and Bollinger Bands are expanding. This setup has shown mixed historical success across altcoins during high-volatility periods, but for COOKIEUSDT, the key is confirming a breakout above the 0.1280–0.1290 range without a large divergence in volume. This approach would balance technical signals with trend direction but carries higher risk during periods of low turnover.