Cookie/USDT Breaks Out — But Resistance Looms at 0.0168

Summary
• Cookie/USDT formed a bullish breakout on 0.0165–0.0168 resistance with strong volume.
• RSI reached 58 by 16:00 ET, suggesting moderate momentum with no overbought signal yet.
• Volatility expanded after 18:00 ET with Bollinger Bands widening, indicating a potential trend phase.
• Notional turnover spiked at 0.0171 as price rejected, confirming short-term resistance.
• 50-period MA on 5-min chart crossed above 20-period MA during the early breakout phase.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0166 on 2026-03-31 12:00 ET, reached a high of 0.0172, and closed at 0.0164 by 12:00 ET the following day. Total volume amounted to 79,400,700.0, while notional turnover stood at 1,314,987.45 USDT.

Structure and Key Levels

The price initially tested the 0.0165–0.0168 consolidation range, with a breakout above 0.0168 around 18:00–18:45 ET on strong volume. A bullish continuation pattern emerged as the price retested and held above 0.0165 during the late NY session.

Technical Indicators

The RSI climbed to 58 by 16:00 ET, signaling moderate bullish momentum but not overbought territory. MACD crossed above the signal line during the breakout phase, confirming strength. Bollinger Bands expanded after 18:00 ET as volatility increased, with price staying near the upper band during the 18:45–19:45 ET period.

Volume and Turnover

Volume surged above 800k at 18:45 ET and again at 03:45 ET, aligning with price pushes above key levels. Notional turnover reached a peak of $13,909.87 at 18:45 ET, indicating strong conviction. A divergence appeared around 21:45 ET when price declined despite stable volume, hinting at potential exhaustion.

Fibonacci Retracement

The 61.8% retracement level of the 0.0162–0.0172 swing held at 0.0165, which the price tested and bounced off multiple times. A 38.2% retracement at 0.0168 appeared as a minor resistance in the 5-min chart.

The next 24 hours may see Cookie/USDT test 0.0168–0.0171 as resistance if bullish momentum persists. However, a pullback to 0.0164–0.0165 could occur if volume declines. Investors should monitor the 50-period MA on the 5-min chart for signs of reversal.