Market Overview: Cookie DAO/Tether (COOKIEUSDT) 24-Hour Technical Summary

Summary
• COOKIEUSDT formed multiple bearish engulfing and hanging man patterns in late hours.
• Price retreated below 20-period and 50-period moving averages on 5-minute chart.
• Volatility expanded as price traded in wide ranges between 0.0432 and 0.0469.
• RSI moved into oversold territory late, suggesting potential for short-term bounce.
• Bollinger Band squeeze observed early morning, followed by a breakout southward.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0456 on 2026-01-02 at 12:00 ET, reached a high of 0.0469, and closed at 0.0438 on 2026-01-03 at 12:00 ET, with a low of 0.0432. Total 24-hour volume was 7.0 million, and notional turnover hit $305,559.

Structure & Formations

Price action on COOKIEUSDT displayed bearish signals throughout the 24-hour window, including bearish engulfing and hanging man patterns following key resistance levels. A significant bearish reversal occurred between 06:30–07:45 ET as the price broke below the 0.045 level.

Moving Averages and MACD

On the 5-minute chart, price drifted below both 20 and 50-period moving averages, while MACD showed a bearish crossover early in the session before a weak attempt at divergence later. Daily moving averages (50, 100, 200) are not directly provided, but the extended bearish trend suggests alignment with longer-term averages.

RSI and Volatility

RSI reached oversold levels (below 30) by the early morning session, hinting at potential short-term buying interest. Bollinger Bands narrowed significantly just before the sharp price decline, confirming a breakout to the downside.

Volume and Turnover

The most notable volume spike occurred around 05:45–07:30 ET as price fell below 0.045, aligning with increased turnover and signaling bearish conviction. Divergence in price and turnover was not prominent, suggesting bearish sentiment remained consistent.

Fibonacci Retracements

Fibonacci levels applied to the key 0.0469–0.0432 swing identified potential support near 0.0447 and 0.0438. Price tested both with the latter acting as a strong short-term floor.

COOKIEUSDT appears to be in a consolidating bearish phase, with Fibonacci support levels offering potential for rebounds. However, the market remains vulnerable to follow-through selling. Investors should monitor for breakouts below 0.0432, which could signal deeper correction.