Summary
• Price broke above 0.0401 to test new 24-hour highs near 0.0407 with a bullish engulfing pattern at 0.0402.
• Volume surged 4.5x the daily average during the final 3 hours, confirming the rally.
• RSI approached overbought territory, suggesting potential for pullback or consolidation.
• Bollinger Bands showed low volatility early before expanding sharply in the final 8 hours.
24-Hour Price and Volume Snapshot
Cookie DAO/Tether (COOKIEUSDT) opened at 0.0393 on 2025-12-24 12:00 ET, reached a high of 0.0407, and closed at 0.0402 on 2025-12-25 12:00 ET, with a low of 0.0391. Total 24-hour volume was 1,179,447.6, and notional turnover amounted to 46,869.40 USDT.
Structure and Pattern Analysis
Price formed a bullish engulfing pattern at 0.0402, confirming a breakout above the upper Bollinger Band. A key resistance at 0.0403 was tested twice and held, while support at 0.0399 showed resilience during pullbacks. A doji near 0.0401 at 00:45 ET hinted at short-term indecision.
Moving Averages and Momentum
The 5-minute 20-period and 50-period moving averages converged near 0.0399 early in the session before diverging as price surged. RSI moved into overbought territory (76) by 08:15 ET, suggesting potential for a retracement or consolidation phase.
Volatility and Distribution
Bollinger Bands were compressed for much of the early session before expanding rapidly during the final 8 hours, signaling rising volatility. A volume spike of 58,079.3 USDT at 08:15 ET coincided with a breakout above 0.0404, reinforcing the bullish move.
Volume and Turnover Insights
Volume and turnover aligned closely during the final 3 hours, confirming the strength of the rally. A divergence appeared at 05:45 ET when volume dipped but price continued higher, suggesting temporary overextension.
Fibonacci Retracement Levels
Fibonacci levels from the 0.0391 to 0.0407 swing identified key retracement levels at 0.0403 (61.8%) and 0.0401 (38.2%). Price held above the 61.8% level during pullbacks, indicating strong demand.
The price appears to be entering a period of consolidation after a sharp rally driven by strong volume. A pullback toward 0.0401 or 0.0399 could test the sustainability of the move higher. Investors should monitor RSI divergence and volume distribution for early signs of fatigue or renewed momentum in the next 24 hours.
Comments
No comments yet