Market Overview for Cookie DAO/Tether (COOKIEUSDT) – 2025-10-01

• Cookie DAO/Tether surged 5.7% in 24 hours, closing near a key resistance at 0.1088.
• Momentum accelerated midday with a 15-minute volume spike of 976,626.
• Bollinger Band expansion and RSI above 60 suggest bullish momentum but hint at overbought risk.
• On-balance volume confirmed price highs but diverged during pullbacks after 10:00 ET.

Price Action and Key Levels

Cookie DAO/Tether opened at 0.0999 on 2025-09-30 16:00 ET and surged to a 24-hour high of 0.1111 before closing at 0.1099 on 2025-10-01 12:00 ET. The price range of 0.0995–0.1111 highlighted strong volatility, with two major breakouts forming around 0.1045 and 0.1088. The latter resistance level was decisively taken out in the morning session with a bullish engulfing pattern. A significant support level appears to be forming around 0.1034, as the price bounced off it multiple times during the session.

Trend and Momentum Indicators

On the 15-minute chart, the 20-period EMA and 50-period EMA crossed to the upside, confirming a bullish bias. The MACD line crossed above the signal line at 09:45 ET, coinciding with a sharp price breakout. RSI reached 62 at the session’s peak, indicating overbought territory, but remained above 50 for the majority of the session. On the daily chart, the 50-period and 200-period EMAs have started to converge, suggesting the asset is in a potential breakout phase.

Volatility and Volume Profile

Volatility increased dramatically after 08:45 ET when the price surged from 0.1051 to 0.1086 in a single 15-minute bar. Bollinger Bands widened in response to this expansion, and the price stayed above the upper band for over an hour. On-balance volume showed strong accumulation in the 0.1045–0.1088 range, particularly in the final four hours of the session. A key divergence emerged around 10:15 ET, when the price dipped to 0.1097 but volume did not confirm the move, suggesting potential short-term weakness.

Fibonacci Retracements and Projection

Applying Fibonacci to the 0.1034–0.1111 swing, key levels include 0.1074 (38.2%), 0.1063 (50%), and 0.1051 (61.8%). The price consolidated briefly near 0.1063 before breaking higher, indicating strong bullish bias. If the current trend continues, the next target could be the 0.1115–0.1120 zone.

Backtest Hypothesis

The backtest strategy involves a dual-signal approach using the 20/50 EMA crossover for trend confirmation and RSI divergence for momentum reversal cues. A long entry is triggered when the 20 EMA crosses above the 50 EMA and RSI is rising above 50. A stop loss is placed below the recent swing low, and a target is set at the next Fibonacci level. Given today’s price action, this strategy would have generated an early entry around 08:45–09:00 ET with a strong exit at 09:45 ET. The strategy’s success hinges on maintaining a strong RSI trend and avoiding overbought conditions, making it suitable for short-term traders with a bias toward high-volatility environments.