Cookie DAO/Tether Market Overview (2025-10-05)

• Price action showed a bullish recovery after a sharp intraday correction.• RSI and MACD indicated strengthening momentum toward the close of the 24-hour window.• Volatility expanded during the late-night hours, with a notable increase in turnover.• A key 0.1300–0.1320 consolidation range was tested multiple times.• A strong 15-minute rally emerged post-11:00 ET, with the price reaching 0.1350 before retreating.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.1284 on 2025-10-04 at 12:00 ET and closed at 0.1305 on 2025-10-05 at 12:00 ET. The pair reached a high of 0.1363 and a low of 0.1274 during the 24-hour window. Total trading volume stood at 13,814,066.4, and notional turnover amounted to approximately 1,817,834.5.

Structure & Formations

COOKIEUSDT displayed a notable bullish engulfing pattern at 0.1300–0.1320 on the 15-minute chart, indicating a possible reversal after the price had tested key support levels. A strong bearish reversal pattern emerged around 0.1350, suggesting temporary profit-taking after the sharp intraday rally. The pair also formed a small bearish harami pattern at 0.1336–0.1346, signaling indecision near the 0.1340 psychological level. Key support levels identified were 0.1300 and 0.1280, while resistance levels stood at 0.1330 and 0.1360.

Moving Averages

The 15-minute chart showed the 20-period and 50-period moving averages diverging into bullish territory after the price crossed above 0.1310. On the daily chart, the 50-period MA acted as dynamic support near 0.1315, while the 200-period MA remained neutral at 0.1300. The price closed above both the 20 and 50-period MAs, reinforcing the short-term bullish bias.

MACD & RSI

MACD showed a positive crossover in the final hours of the 24-hour window, with the histogram expanding above the zero line, supporting a bullish momentum build. RSI reached 62 near the close, suggesting moderate strength but not yet overbought territory. The RSI line crossed above the 50 level post 11:00 ET, aligning with the price rally toward 0.1350. Divergence was not observed in the 15-minute timeframe.

Bollinger Bands

Bollinger Bands expanded significantly during the overnight rally, indicating increased volatility. The price spent most of the day within the 1–2 standard deviation range but touched the upper band during the 0.1350–0.1360 move. A potential retracement toward the middle band may offer a reentry opportunity for longs near 0.1325–0.1330. The lower band hovered near 0.1270, offering a key watch point for a potential breakdown scenario.

Volume & Turnover

Volume spiked during the late-night rally, peaking at 786,839.3 during the 5:00–5:15 ET timeframe, coinciding with the 0.1342–0.1350 move. Turnover also surged during this period, confirming the strength of the rally. A divergence in volume was observed during the bearish harami at 0.1336–0.1346, as the price moved higher with decreasing volume, suggesting weak follow-through. The price and volume actions appear to be in alignment, supporting a continuation of the current trend.

Fibonacci Retracements

Fibonacci retracements applied to the key 15-minute move from 0.1274 to 0.1363 identified key levels at 0.1332 (38.2%) and 0.1306 (61.8%). The 0.1332 level was tested and rejected, while 0.1306 was briefly retested during the consolidation phase. On the daily chart, the 0.1315 level aligned with the 50-period MA and acted as a strong support zone. Traders may watch 0.1306 and 0.1325 as potential turning points in the next 24 hours.

Backtest Hypothesis

Based on the observed 15-minute bullish engulfing pattern at 0.1300–0.1320 and the strong volume confirmation during the 0.1342–0.1350 move, a backtest strategy could involve entering long at 0.1315 with a stop loss at 0.1300 and a take profit at 0.1340–0.1350. A trailing stop could be added once the price clears 0.1340. This strategy aligns with the RSI and MACD signals and the Fibonacci level at 0.1332, increasing the probability of a successful short-term trade. The setup also benefits from the positive momentum and strong volume observed in the 15-minute chart.