Market Overview for Cookie DAO/Tether (COOKIEUSDT)

Summary
• Cookie DAO/Tether traded in a 0.0385–0.0392 range, with key support at 0.0386 and resistance at 0.0390.
• Price formed a bearish engulfing pattern near the high, suggesting short-term bearish bias.
• Volume spiked above average in the late ET session, confirming bearish momentum.
• RSI hovered near 50, while MACD showed diverging bars, hinting at indecision.
• Volatility expanded during the overnight hours, with price probing the lower Bollinger Band.

At 12:00 ET–1, Cookie DAO/Tether (COOKIEUSDT) opened at 0.0390, reached a high of 0.0392, and closed at 0.0389 by 12:00 ET. Total volume reached 2,421,885.6, with turnover of 93,590.27 USD over 24 hours.

Structure & Formations

The 24-hour chart showed a bearish bias with the price forming a bearish engulfing pattern near 0.0390, reinforcing the 0.0386–0.0392 trading range. A doji appeared near 0.0386, signaling possible exhaustion in the downward move. The 5-minute chart highlighted 0.0388 as a short-term support and 0.0390 as a key resistance.

Moving Averages

On the 5-minute chart, the 20-period MA dipped below the 50-period MA, forming a bearish crossover. Daily MAs showed no strong trend, with the 50-period line slightly above the 200-period, indicating sideways bias.

MACD & RSI

MACD showed mixed signals with the line crossing zero twice and diverging from price action in the late ET hours. RSI remained around the 50 level for much of the period, indicating indecision between buyers and sellers.

Bollinger Bands

Volatility expanded during overnight trading, with COOKIEUSDT probing the lower Bollinger Band. The mid-band remained flat, suggesting a continuation of the consolidation phase.

Volume & Turnover

Volume surged to over 500,000 on the 5-minute chart during the overnight and early morning ET session, confirming bearish price action. Turnover mirrored volume trends, with notable dips during flat periods and spikes during bearish breaks.

Fibonacci Retracements

Applying Fibonacci to the 0.0385–0.0392 swing, price found support at the 38.2% level (0.0388) and tested the 61.8% level (0.0387) before consolidating. These levels could be watched for further direction.

The market appears to be consolidating within a tight range, with bearish momentum gaining traction. While the 0.0386 level holds, further downside risks remain limited, but a break below that could trigger a test of 0.0385. Investors should monitor volume divergence and RSI for signs of trend exhaustion or continuation.