Market Overview for Cookie DAO/Tether (COOKIEUSDT) on 2025-09-25

• Cookie DAO/Tether declined 0.54% over 24 hours, with bearish momentum and key support tested at 0.1050.
• Volatility expanded after midday ET, with price swinging 0.0095 (8.3%) amid uneven turnover.
• A bullish divergence appeared on the RSI at 0.1050, suggesting potential near-term reversal.
• The 20-period moving average crossed below the 50-period MA on the 15-minute chart, signaling short-term bearish bias.
• Price fell below the 0.1132 support level, with the 0.1122–0.1118 consolidation zone now under pressure.

Price Action and Momentum

Cookie DAO/Tether (COOKIEUSDT) opened at 0.1142 at 12:00 ET–1 and closed at 0.1053 at 12:00 ET, with a 24-hour range from 0.1144 to 0.1022. Total volume was 9,132,419.3 and total turnover (notional) amounted to $967,523. The price action displayed a bearish bias, with a 0.54% decline and a breakdown below key support levels. The RSI hit 28 at 0.1050, indicating oversold conditions and potential for a bounce. A bullish divergence was observed, with price making lower lows but RSI higher lows. The MACD turned negative, reinforcing short-term bearish momentum.

Support, Resistance, and Candlestick Patterns

CookieDAO/Tether faced key resistance at 0.1132 and 0.1144, both of which were breached with bearish continuation patterns including a dark cloud cover at 0.1132. Below, the 0.1122–0.1118 range acted as support, but this was broken down, exposing the 0.1107 level. A bearish engulfing pattern appeared at 0.1122, followed by a large bearish candle at 0.1093. The price may test the 0.1076–0.1065 consolidation zone next, with a doji forming at 0.1071 suggesting indecision.

Volatility and Bollinger Bands

Volatility expanded throughout the day, with Bollinger Bands widening to 0.0048 at the close. Price ended near the lower band at 0.1053, indicating oversold conditions and potential for a bounce. A contraction in volatility was noted early, but this was followed by a sharp expansion after 05:00 ET. CookieDAO/Tether appears to be in a short-term bearish phase with potential for a pullback once the 0.1050 level is confirmed as a floor.

Volume and Turnover Analysis

Volume surged from 169,314.9 at 03:45 ET to 914,356.7 at 12:30 ET, with a massive 914k volume bar indicating institutional or algorithmic selling pressure. Turnover mirrored the volume trend, peaking at $95,474 during the 12:30–12:45 ET period. However, price continued to fall despite the volume spike, suggesting potential exhaustion. A divergence between volume and price suggests bearish momentum may be running out of steam as the 0.1050 level is approached.

Moving Averages and Fibonacci Retracements

The 20-period MA crossed below the 50-period MA on the 15-minute chart, forming a death cross. The 50-period MA currently sits at 0.1108, with the 100-period MA at 0.1114 and 200-period MA at 0.1117, all acting as dynamic resistance levels. Fibonacci retracements of the 0.1144–0.1022 move show the 38.2% level at 0.1083 and the 61.8% at 0.1052. CookieDAO/Tether has bounced near the 61.8% retracement level, suggesting a potential short-term support.

Backtest Hypothesis

The backtest strategy involves entering a long position when RSI crosses above 30 from below, paired with a bullish divergence and price closing above the 20-period MA on the 15-minute chart. Stops are placed below the prior swing low, and targets align with the 38.2% Fibonacci retracement. This setup would have triggered a long entry near 0.1050 on 09:30 ET–09:45 ET, with a stop at 0.1046. If applied in backtest, this strategy would have captured the partial rebound observed after 12:30 ET, assuming a 0.1053 close. The strategy benefits from strong divergence and oversold conditions but depends on price finding a floor near the 0.1050–0.1046 level.