Cookie DAO/Tether (COOKIEUSDT) Market Overview

Summary• Price consolidates near 0.0765, with key support at 0.0745 and resistance at 0.0774.
• Volume spiked during the early morning ET, confirming a bearish reversal.
• RSI approached oversold territory, indicating potential for short-term bounce.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0768 on 2025-11-09 12:00 ET and closed at 0.0765 on 2025-11-10 12:00 ET, with a high of 0.0778 and a low of 0.0740. Total 24-hour trading volume amounted to 25,649,565.5 units, with a notional turnover of approximately $1,986,644.21, calculated using the average closing price of the 15-minute candles.

The 15-minute chart showed a bearish reversal pattern forming around 0.0765, marked by a long upper wick and declining volume, suggesting short-term pressure. Key support levels were identified at 0.0745 and 0.0735, with resistance forming at 0.0774 and 0.0778. A notable doji candle formed near 0.0762, indicating indecision among traders around that level.

Structure & Formations

Over the 24-hour period, Cookie DAO/Tether displayed a distinct bearish structure, especially during the early morning hours. A deep pullback to the 0.0740 level was followed by a consolidation around 0.0765, forming a potential base. The candlestick pattern near this consolidation zone showed a strong bearish bias, with bearish engulfing and a dark cloud cover forming at key resistance levels.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a death cross, with the 20-SMA crossing below the 50-SMA, reinforcing the bearish momentum. The 200-period SMA held steady near 0.0762, suggesting limited upside potential unless bullish volume picks up. On the daily chart, the 50/100/200 SMA alignment showed no clear direction, but with the price holding above the 200 SMA, a continuation of the current range remains likely.

MACD & RSI

The MACD showed a bearish crossover, with the MACD line dipping below the signal line and remaining in negative territory for much of the period. RSI fluctuated between 28 and 60, with the index approaching the 30 oversold level, which could suggest a short-term bounce. However, a strong close above 0.0774 would be needed to confirm a reversal.

Bollinger Bands

Price action remained within the Bollinger Bands for most of the 24-hour window, with a recent contraction suggesting potential volatility. The price touched the lower band during the early morning session, signaling oversold conditions. A break above the upper band at 0.0778 may indicate a shift in momentum.

Volume & Turnover

The highest trading volume occurred during the 03:00–04:30 ET timeframe, with large candles indicating significant price action. Turnover spiked during these hours, especially around the 03:30 candle, which saw a volume of 368,561 units. The divergence between price and volume was minimal, suggesting strong conviction in the prevailing trend.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0765–0.0778 swing, the 38.2% level sits at 0.0771 and the 61.8% at 0.0766. On the bearish leg, the 38.2% and 61.8% retracement levels correspond to 0.0758 and 0.0753 respectively, which were tested multiple times during the 24-hour period.

Backtest Hypothesis

To set up an accurate back-test for Cookie DAO/Tether (COOKIEUSDT), the RSI entry and price-based exit rules need clarification. If a 14-day RSI < 30 is used as the entry signal, and the 0.0745 level is defined as an absolute price target, a strategy could be tested to evaluate potential profitability. Additional parameters such as stop-loss or take-profit levels would improve risk management, but the basic strategy—entering on oversold RSI and exiting on a close above a specific price level—could provide useful insights into COOKIEUSDT’s behavior.