Cookie DAO/Tether USDt Market Overview

• Cookie DAO/Tether USDt rose from 0.1114 to 0.1195, showing a 7.27% bullish reversal over the last 24 hours.
• Price broke above a key 15-minute resistance at 0.1180–0.1185, signaling potential for further momentum.
• MACD turned positive and RSI hit 57, suggesting moderate bullish momentum and room to run.
• Bollinger Bands expanded significantly, indicating rising volatility, with price near the upper band.
• Turnover spiked above $1.5M during the afternoon, aligning with the breakout and trend confirmation.

Cookie DAO/Tether USDt (COOKIEUSDT) opened at 0.1114 on 2025-09-04 at 12:00 ET, reached a high of 0.1223, and settled at 0.1175 as of 12:00 ET on 2025-09-05. Total volume for the 24-hour period was 9,556,300.1 and total turnover was approximately $1.13M. The pair showed a clear reversal from consolidation to a defined bullish breakout.

Structure & Formations

The 15-minute chart revealed multiple key support and resistance levels. A strong support at 0.1175–0.1180 was tested three times and held, allowing for a clean breakout above 0.1185–0.1190 later in the day. A bullish engulfing pattern formed at 0.1180 in the early afternoon, followed by a strong green candle closing near the high. A key resistance was cleared at 0.1195–0.1200, suggesting the path of least resistance is upwards. A potential retest of the 0.1190–0.1195 range may occur before further gains.

Moving Averages

On the 15-minute chart, price broke above the 20-period and 50-period moving averages in the afternoon, confirming the bullish reversal. The 20-period MA was at 0.1183 and the 50-period MA at 0.1179 at 12:00 ET. Daily moving averages (50/100/200) showed cookieUSDT trading above all three as of the close, with the 50-day MA at 0.1170, the 100-day at 0.1162, and the 200-day at 0.1155.

MACD & RSI

The MACD turned positive in the early afternoon, with a bullish crossover occurring as price surged past key resistances. The MACD line was at +0.0003 with a signal line of +0.0001 at 12:00 ET. RSI climbed to 57, showing moderate bullish momentum with no overbought conditions yet. A sustained move above 60 could indicate further strength, while a drop below 40 may signal weakening.

Bollinger Bands

Price action saw a clear expansion in Bollinger Band width, suggesting rising volatility. By the end of the 24-hour period, cookieUSDT closed near the upper band, indicating strong bullish pressure. The midline was at 0.1185 at 12:00 ET, while the lower band sat at 0.1160. A retracement into the lower band is possible, but the upper band’s breakout suggests a more extended move upwards.

Volume & Turnover

Volume increased steadily through the day, peaking above 2.1 million units in the late afternoon and early evening as the breakout occurred. Total volume reached 9.556 million, with turnover reaching $1.13 million. Price and turnover aligned well, with no divergence observed. This confirms the bullish move is supported by strong buying interest.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.1107 to 0.1223, the 61.8% retracement is at 0.1172 and the 38.2% at 0.1187. Price closed near 0.1175, suggesting a potential bounce off the 61.8% level. On the daily chart, the 50% retracement of a larger bearish leg is at 0.1162, which could be a critical support if the current trend reverses.

Backtest Hypothesis

A backtest could focus on identifying breakout opportunities during periods of Bollinger Band expansion, particularly when price closes above the 20-period moving average on the 15-minute chart. The strategy would enter long when RSI crosses above 50 and MACD turns positive, with a stop-loss placed below the 38.2% Fibonacci level of the most recent swing. Given the current alignment of these indicators, this approach appears to have strong potential for confirming the recent upward move while managing downside risk.