Market Overview for Cookie DAO/Tether (COOKIEUSDT)

Summary
• Price broke 0.0410–0.0415 resistance, forming a bullish engulfing pattern around 0.0414.
• Volume surged to 505,305.2 at 0.0412–0.0415, confirming consolidation above key prior swing low.
• RSI entered overbought territory (72), while MACD crossed above zero, signaling short-term bullish momentum.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0408 on 2025-12-19 at 12:00 ET, hit a high of 0.0421, a low of 0.0399, and closed at 0.0418 on 2025-12-20 at 12:00 ET. Total volume was 3.71 million, and notional turnover was approximately $1.53 million across the 24-hour window.

Structure & Key Levels

Price action formed a bullish reversal pattern near 0.0414, with the 0.0410–0.0415 range acting as a critical consolidation zone. A bullish engulfing candle confirmed the breakout. Support appears to reside at 0.0405–0.0410, with 0.0400 as a deeper level.

Momentum and Volatility

MACD crossed into positive territory with a narrow histogram, suggesting tightening momentum. RSI peaked near 72, indicating overbought conditions.

Bollinger Bands showed a modest expansion, with price hovering near the upper band at key breakout moments.

Volume and Turnover Signals

Volume spiked at 0.0412–0.0415, especially around 01:30 ET (EST), confirming a strong push above prior resistance. Turnover aligned with volume surges, showing no material divergence.

Forward Outlook and Risk

Price appears to have gained control above 0.0415, with potential for a test of 0.0425. However, a pullback into 0.0405–0.0410 could see renewed testing of consolidation strength. Investors should watch for a potential reversal if price fails to hold above 0.0410.