Cookie DAO/Tether (COOKIEUSDT) Market Overview – 2025-10-25

• Cookie DAO/Tether (COOKIEUSDT) closed at $0.0890 after fluctuating between $0.0847 and $0.0949, with increased volume and mixed momentum.
• Price formed a key bullish breakout above 0.0900, confirmed by a high-volume rally in the first half of the day.
• RSI showed overbought conditions in late morning before retracting, suggesting potential near-term consolidation.
• Bollinger Bands expanded during the session, reflecting heightened volatility and increased market interest.
• Volume and turnover spiked during the 0.0900–0.0949 rally but diverged with price action in the afternoon, signaling caution.

Overview and Price Action

Cookie DAO/Tether (COOKIEUSDT) opened at $0.0864 on 2025-10-24 at 12:00 ET and traded in a volatile range before closing at $0.0890 by 12:00 ET on October 25. The 24-hour period saw a high of $0.0949 and a low of $0.0847, with total volume reaching 20,849,701.3 and a notional turnover of approximately $1,854,255. The price action suggests a push higher driven by strong volume surges during the early part of the day, but buyers began to lose steam after reaching overbought RSI levels.

Structure & Formations

Price formed several key structures over the 24-hour period. A strong bullish breakout above $0.0900 was confirmed by high-volume bars in the early morning. A subsequent rally to $0.0949 in late afternoon showed signs of a bullish trend continuation, though a bearish divergence in price and volume during the closing hours suggested potential short-term resistance. A doji formed near $0.0930, indicating indecision among buyers. No clear engulfing patterns were identified in the 15-minute timeframe, though a few potential reversal structures appeared near key support and resistance levels.

Indicators and Momentum

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover early in the session, supporting the upward move. By late afternoon, the 50-period MA had shifted upward, reinforcing the bullish bias. The MACD showed a positive divergence early on but flattened out as the session progressed, indicating weakening momentum. RSI moved into overbought territory above 70, particularly in the morning, but pulled back to neutral levels by the end of the session.

Variability and Volatility

Bollinger Bands expanded significantly during the breakout and rally, indicating increased volatility. The price remained near the upper band during much of the morning and afternoon, confirming strong buying interest. However, by the end of the session, the bands began to contract slightly, suggesting a potential pause in the rally. Volume and turnover were highest during the breakout and remained elevated even as price dipped in the afternoon. A divergence between rising volume and falling price in the last few hours may indicate potential bearish pressure.

Fibonacci Retracements

Fibonacci retracements on the 15-minute chart showed the price testing key levels during the rally. The 61.8% retracement level at $0.0900 was a key support-turned-resistance that was successfully breached in the morning. On the daily chart, the 38.2% retracement at $0.0920 appears to have acted as a minor resistance, while the 61.8% level at $0.0950 may represent a key near-term target for further buyers.

Backtest Hypothesis

Given the observed price behavior and key formations, a backtesting strategy based on Bullish-Engulfing patterns could be valuable for assessing the performance of COOKIEUSDT over the past 24 hours. These candlestick patterns are typically used to identify strong reversal signals following downtrends. However, the current data hub failed to provide the exact dates of these signals for the given ticker. To proceed with the backtest, we have two options: either use an alternative data source or manually provide the dates of the Bullish-Engulfing occurrences. Confirming the exact exchange symbol (e.g., BINANCE:COOKIEUSDT) or supplying the dates directly will allow for an accurate and robust backtesting analysis.