Cookie DAO/Tether (COOKIEUSDT) Market Overview for October 8, 2025

• Price for Cookie DAO/Tether rose 5.75% over 24 hours, capped by resistance at 0.1220.
• Volatility expanded post-14:00 ET as Bollinger Bands widened and volume spiked 2.5x.
• Momentum confirmed by rising MACD and RSI above 60, indicating strong upward bias.
• A bullish engulfing pattern formed at 0.1193–0.1209, suggesting potential continuation higher.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.1191 on October 7, 2025, and closed at 0.1241 at 12:00 ET on October 8, hitting a high of 0.1258 and a low of 0.1182. Total volume reached 8.64 million cookies, with notional turnover amounting to $1.07 million. Price action over the past 24 hours shows a decisive upward shift, supported by increased volume and momentum.

Structure & Formations

Price moved in two major waves: a slow consolidation phase until 00:00 ET, followed by a sharp bullish breakout after 14:00 ET. Key support levels emerged at 0.1193 and 0.1182, with 0.1220 acting as a short-term resistance. A bullish engulfing pattern formed between 0.1193 and 0.1209 on October 7, signaling a reversal and setting the stage for higher prices.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in bullish alignment, with price consistently above both. For the daily view, the 50-period MA is crossing above the 100-period MA, suggesting a trend reversal. The 200-period MA remains bearish, but its distance from the current price indicates a strong short-term rally.

MACD & RSI

MACD turned positive and crossed above the signal line at 05:00 ET, confirming bullish momentum. RSI reached 63 at the peak and has remained above 50 for most of the day, suggesting overbought conditions may develop. However, volume and price remain aligned, indicating strength. A pullback to 0.1210 could still confirm a healthy consolidation before the next leg up.

Bollinger Bands

Bollinger Bands reflected increased volatility after 14:00 ET, with price spilling above the upper band. Prior consolidation between the bands from 12:00–14:00 ET acted as a catalyst for the breakout. A retest of the upper band at 0.1258 could either confirm bullish conviction or lead to a reversion toward the mean. The mid-band at 0.1230 provides a possible target for continuation.

Volume & Turnover

Volume surged post-14:00 ET, with a peak at 694,188 cookies during the breakout candle. Turnover spiked to $87,000 at 14:15 ET, confirming the legitimacy of the move. A divergence between volume and price could indicate a potential exhaustion, but for now, the alignment of both metrics suggests strong institutional or large-cap participation.

Fibonacci Retracements

Applying Fibonacci to the 0.1182–0.1258 swing, key retracement levels are at 0.1240 (23.6%), 0.1231 (38.2%), and 0.1221 (50%). Price is currently at 0.1241, slightly above 23.6%, suggesting a possible pullback to test the 38.2% level at 0.1231. A close above 0.1258 would target the 0.1264 extension level.

Backtest Hypothesis

Based on the current structure and indicator setup, a potential backtest strategy could be a long bias on COOKIEUSDT when price breaks above the 0.1220 resistance with confirmation from the 15-minute RSI crossing above 50 and volume increasing by 50% above the 3-period average. A stop-loss could be placed below the 0.1209 support. Given the recent bullish engulfing pattern and strong MACD divergence, this setup offers a high-probability trade entry around 0.1220–0.1225 with a target at 0.1250–0.1260.