Market Overview for Cookie DAO/Tether (COOKIEUSDT) – 2025-10-06

• Cookie DAO/Tether (COOKIEUSDT) edged higher over 24 hours amid mixed volatility, closing near intraday lows.
• Price action formed a shallow bullish reversal pattern near 0.1261–0.1263, but momentum remains muted.
• Turnover spiked during the overnight session, but failed to confirm a sustained breakout above 0.1285.
• RSI showed early overbought signs, while volume declined in the final 6 hours, suggesting caution.
• A key support zone at 0.1260–0.1250 appears firm, with a potential test expected in the near term.

The Cookie DAO/Tether (COOKIEUSDT) pair opened at 0.1301 on 2025-10-05 at 12:00 ET, reached a high of 0.1310, dropped to a low of 0.1250, and closed at 0.1275 on 2025-10-06 at 12:00 ET. Total volume over the 24-hour period was 20,409,442.05, with notional turnover reaching $2,656,327.38. Price action displayed a shallow V-bottom formation, with a possible bullish reversal forming near 0.1263.

Structure & Formations

COOKIEUSDT spent much of the overnight session consolidating between 0.1261 and 0.1275, forming a tight range. A potential bullish reversal candle appeared near the 0.1263 level, with a small body and long lower shadow, suggesting short-term buyer interest. Resistance is evident around 0.1285–0.1290, where previous attempts to break higher failed. A bearish engulfing pattern formed near 0.1298–0.1293, signaling caution for further bullish attempts.

Moving Averages

On the 15-minute chart, price closed above the 20-period SMA (0.1274), but remained below the 50-period SMA (0.1276), indicating mixed momentum. Daily indicators placed the 50 SMA at 0.1279, with the 200 SMA at 0.1267—suggesting a potential support/resistance zone near 0.1275–0.1280 could emerge over the next 24 hours.

MACD & RSI

The MACD crossed into positive territory during the early morning session, but failed to maintain a strong bullish signal, with the histogram showing a flattening trend. The RSI approached overbought territory (70) briefly around 0.1285, but quickly rolled back into neutral territory. This suggests short-term momentum is constrained, and a retest of the 60–65 RSI range could set up for a pullback or consolidation.

Bollinger Bands

Volatility expanded in the early hours, with a band width widening from 0.0009 to 0.0013 as price moved between 0.1260 and 0.1275. Price has since settled near the middle band, with the upper band currently at 0.1287 and lower band at 0.1263. A breakout above 0.1287 would indicate a shift in short-term sentiment, while a drop below the lower band could trigger a test of the 0.1250 support level.

Volume & Turnover

Volume surged in the overnight session as price approached 0.1260, reaching a peak of 535,498.6, but then sharply declined during the final 6 hours. Notional turnover mirrored this trend, peaking at $70,137.9 during the 02:30–02:45 ET period. However, the lack of follow-through volume above 0.1285 raises concerns about the sustainability of any bullish move. A divergence between price and volume in the 0.1280–0.1285 zone may suggest bearish exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the 0.1250–0.1298 swing shows 0.1276 as the 38.2% retracement level and 0.1284 as the 50% level. These levels align with current price consolidation and moving average lines, making them potential zones for short-term trading decisions. A break above 0.1293 (61.8% retracement) would validate a bullish trend, but would require strong volume confirmation.

Backtest Hypothesis

A potential backtesting strategy for COOKIEUSDT could involve a reversal bias around the 0.1263 support level. If price breaks below 0.1261 and retests the zone with confirmation (e.g., a bullish engulfing or hammer candle), a long position could be entered with a stop-loss just below 0.1260. A target of 0.1275–0.1280 aligns with key moving average levels and RSI neutrality. The MACD and RSI could be used to time entries and exits, with the RSI crossing above 60 acting as a signal to hold, and below 50 suggesting a sell.

Looking ahead, COOKIEUSDT may test the 0.1263–0.1275 consolidation zone for confirmation of a bullish reversal. However, traders should remain cautious about a potential retest of 0.1250 if volume fails to pick up in the next 24 hours. Risk remains on the downside for now.