Cookie DAO/Tether Market Overview: Strong Bullish Momentum Amid Expanding Volatility

• Price surged 9.5% over 24 hours, forming bullish momentum after a key breakout above 0.1250.
• RSI surged into overbought territory, while MACD showed a strong positive divergence.
• Volatility expanded during midday trading, with peak turnover at 18:30–19:00 ET.
• A 15-minute bearish engulfing pattern failed at 0.1314, followed by a bullish continuation.
• Cookie DAO/Tether (COOKIEUSDT) closed near a 24-hour high, with buying pressure dominating the final hours.

24-Hour Price Action and Context

Cookie DAO/Tether (COOKIEUSDT) opened on October 2, 2025 at 0.1201 and closed on October 3 at 0.1319, reaching a high of 0.1329 and a low of 0.1199. The total trading volume over the 24-hour period was approximately 66,665,398.4 units, with a notional turnover of $8,762,818.09. The pair exhibited strong bullish momentum in the final 6 hours, closing near the 24-hour high with sustained buying pressure.

Structure & Formations

The 15-minute chart displayed a series of key patterns, including a bearish engulfing candle at 0.1314, which failed to hold as buyers retook control. A bullish continuation pattern emerged after the failed resistance, suggesting institutional buying. Notable support levels formed at 0.1295 and 0.1280, which held during consolidation periods. A doji at 0.1255 also indicated indecision before a sharp rally.

Moving Averages and Trend Direction

The 20-period and 50-period moving averages on the 15-minute chart crossed above 0.1260, reinforcing a bullish bias. On the daily chart, the 50-period MA remains above the 100-period and 200-period MA, indicating a continuation of the medium-term upward trend.

Momentum and Volatility Indicators

MACD showed a strong positive divergence over the past 6 hours, with the histogram widening and remaining in positive territory. RSI reached 73, entering overbought territory, but did not show signs of exhaustion. Bollinger Bands expanded significantly during the afternoon and early evening, with the price closing near the upper band—suggesting a continuation of the upward move could be favored.

Volume and Turnover Analysis

Volume surged to over 1.1 million units during the midday rally, with a corresponding spike in turnover. The price action and volume aligned well, with no major divergences observed. The highest turnover occurred at 18:30–19:00 ET, coinciding with a breakout above 0.1300 and a strong bullish continuation.

Fibonacci Retracements and Key Levels

Fibonacci retracement levels from the swing low at 0.1199 to the swing high at 0.1329 show 0.1314 (61.8%) as a critical resistance. The 0.1295 level (38.2%) acted as a key support during pullbacks. The current close near 0.1319 suggests a strong likelihood of a push toward the next Fibonacci level at 0.1329.

Backtest Hypothesis

A backtesting strategy that combines a bullish breakout above the 20-period MA with a 61.8% Fibonacci retracement level and a confirmed RSI divergence (positive) could offer a high-probability trade entry. Given the current setup on COOKIEUSDT, such a strategy might have triggered an entry near 0.1300 with a target at 0.1329 and a stop-loss near 0.1295. This approach aligns with the observed price action and indicator signals, supporting a data-driven approach to entry and risk management.