Market Overview for Cookie DAO/Tether

Summary
• Cookie DAO/Tether (COOKIEUSDT) formed bearish engulfing patterns and key support at 0.0434–0.0436.
• Momentum softened as RSI approached oversold levels near 30, suggesting potential near-term stabilisation.
• Volatility expanded after 19:00 ET, with price breaking below the 20-period MA.
• Daily volume spiked near 09:15 ET, but price failed to follow through, indicating divergent market behavior.
• Bollinger Bands widened in late hours, with price lingering near the lower band, suggesting possible rebound.

24-Hour Summary

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0442 on 2026-01-10 at 12:00 ET and traded as high as 0.0445 before closing at 0.0439 on 2026-01-11 at 12:00 ET. The total 24-hour volume reached approximately 614,638.4, with notional turnover of about $27,022.17.

Structure and Key Levels

Price action formed a bearish engulfing pattern as the pair moved from 0.0442 to 0.0439, with support emerging around 0.0434–0.0436. A doji appeared near 0.0438, hinting at indecision. Resistance levels include 0.0440 and 0.0442, both of which were tested multiple times throughout the day.

Momentum and Indicators

The RSI dipped below 30 in the final hours, indicating oversold territory and a possible near-term reversal. The MACD remained bearish with a negative crossover, but the histogram showed signs of contraction, suggesting waning downward pressure.

Volatility and Bollinger Bands

Volatility expanded significantly after 19:00 ET, with price breaking below the 20-period moving average. Bollinger Bands widened, with Cookie USDT lingering near the lower band, implying a potential bounce back into the channel in the coming session.

Volume and Turnover Insights

Volume surged near 09:15 ET amid a rally toward 0.0440, but price failed to sustain above this level, indicating a divergence between volume and price. Overall, the high-volume period did not confirm a bullish breakout, suggesting market hesitation.

Pattern and Fibonacci Observations

A minor corrective leg developed in late trading, aligning with the 61.8% Fibonacci retracement from the 0.0445 high to the 0.0436 low. A potential retest of 0.0439 could signal continuation of the consolidation phase.

Looking ahead, Cookie DAO/Tether may test the 0.0435–0.0437 range for support before potentially rebounding. However, a break below 0.0434 could extend the bearish momentum. Investors should remain cautious as volatility remains elevated and trend clarity is yet to emerge.