Cookie DAO/Tether Market Overview

• Cookie DAO/Tether surged 0.47% in 24 hours amid rising volume and momentum.
• Price broke above a key 0.1358 resistance level with strong bullish continuation.
• Volatility expanded as Bollinger Bands widened and price approached the upper band.
• RSI suggests overbought conditions, while volume remained aligned with price.
• A potential pullback may test 0.1342–0.1360 support/resistance clusters.

The Cookie DAO/Tether (COOKIEUSDT) pair opened at 0.127 on 2025-09-17 at 12:00 ET and closed at 0.1363 on 2025-09-18 at 12:00 ET, with a 24-hour high of 0.1393 and a low of 0.126. Total trading volume reached 12,646,266, while notional turnover was approximately $1,728,663 (assuming 1363 average price). Price moved decisively higher, forming a bullish breakout pattern above prior resistance and consolidating near key Fibonacci levels from recent swings.

Structure & Formations

Price action displayed a strong upward bias over the 24-hour period, with clear resistance at 0.1358–0.1363 being taken out by late morning. A large bullish engulfing pattern formed around 2025-09-17 22:15 ET, signaling a shift in momentum. The price closed near the upper end of the day’s range, indicating strong conviction. Notable support levels include 0.1342 and 0.1323, where earlier bearish rejection occurred.

Moving Averages

On the 15-minute chart, price is well above both the 20-EMA and 50-EMA, which have sloped upward. Daily averages (50-, 100-, and 200-day) suggest continuation of the bullish trend. While the 20-EMA is ahead of the 50-EMA, this confirms short-term strength. The moving averages have provided directional guidance and reinforced the higher time frame’s momentum.

MACD & RSI

The 15-minute MACD histogram has remained positive for most of the session, with a narrowing histogram suggesting potential exhaustion of the rally. RSI is currently near 70, indicating overbought conditions, but sustained volume suggests buyers are willing to absorb selling pressure. A pullback into the 60–65 RSI range would be a more favorable entry for longs.

Bollinger Bands

Volatility increased significantly throughout the session, with Bollinger Bands expanding as price approached the upper band. The widening bands suggest growing uncertainty or strong participation from long-side traders. A consolidation phase inside the bands could be expected in the near term, with the midline (0.1355–0.1365) acting as a pivotal reference.

Volume & Turnover

Volume increased sharply during the breakout above 0.1358, reaching a 24-hour peak at 1,264,626. Turnover and volume moved in sync, indicating price momentum is supported by genuine demand rather than thin liquidity. Divergences were not observed, suggesting the move is not yet showing signs of fatigue.

Fibonacci Retracements

From the 0.126 low to the 0.1393 high, the 0.618 (0.1363) and 0.786 (0.1383) levels were key. The current close is at the 0.618 retracement level, which is also a psychological support/resistance area. A test of the 0.618 level again could confirm its strength as a pivot for further gains or a potential reversal.

Backtest Hypothesis

A backtesting strategy involving a long bias on a bullish breakout above 0.1358, confirmed by a close above the 20-EMA and MACD crossover above zero, could be tested with a stop-loss below 0.1323. A trailing stop at the 50-EMA would aim to lock in gains while remaining flexible for further upside. The current setup aligns with these parameters, and the strategy would benefit from continued momentum and volume support.