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

• Cookie DAO/Tether (COOKIEUSDT) rose from 0.1135 to 0.1249, showing a strong 24-hour uptrend with a 10.8% rally.
• Key resistance appeared at 0.1249, followed by a sharp pullback to 0.1154, indicating short-term profit-taking and bearish pressure.
• Volume surged during the rally and pullback phases, confirming the strength of both moves.
• RSI and MACD showed overbought conditions during the peak, followed by bearish crossovers as the price declined.
• A bullish engulfing pattern at 0.115–0.1185 suggests possible short-term retests of the key 0.119–0.120 resistance cluster.

The Cookie DAO/Tether (COOKIEUSDT) pair opened at 0.1135 at 12:00 ET-1 and climbed to a high of 0.1249 at 12:15 ET before retreating to a low of 0.1134 at 15:45 ET, closing at 0.1137 by 12:00 ET. Over the 24-hour period, total volume reached 11,401,466.1 and total turnover was 1,420,654.2 USDT. The price action featured a strong rally followed by a sharp reversal, suggesting increased volatility and mixed momentum signals.

Structure & Formations

COOKIEUSDT formed a bullish engulfing pattern as the price surged from 0.115 to 0.1185, confirming a short-term buying interest. However, a large bearish candle at 0.1229–0.1201 and a series of doji patterns in the 0.119–0.1205 range signaled fading momentum and potential reversal. Key support levels were identified at 0.1154, 0.1145, and 0.1135, while resistance levels emerged at 0.119, 0.1204, and 0.1249.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA, confirming a short-term bullish bias. However, by the end of the period, the price closed below both, signaling potential bearish pressure. On the daily chart, the 50DMA approached the 100DMA from above, suggesting a possible flattening of the trend unless the price reclaims the 0.119–0.1205 range.

MACD & RSI

MACD turned bearish after the peak at 0.1249, with a negative crossover and a declining histogram. RSI peaked at 75 during the rally, entering overbought territory, then dropped to 47–49 during the pullback. The current RSI suggests the price may be consolidating near the mid-oversold range and could retest 0.1145 as a possible support.

Bollinger Bands

Volatility expanded during the rally, with the price reaching the upper band at 0.1249, followed by a sharp contraction as the price fell toward the lower band, reaching 0.1154. The price closed near the middle band, suggesting a potential consolidation phase ahead.

Volume & Turnover

Volume spiked during the 0.115–0.1249 rally and again during the 0.1229–0.1154 pullback, confirming both the bullish and bearish moves. However, the final hour saw a significant drop in volume, indicating weakening conviction in the current direction. Turnover closely followed volume, with no major divergences observed.

Fibonacci Retracements

On the 15-minute chart, the price pulled back to the 61.8% Fibonacci level at 0.1162 before retreating further to 0.1154. On the daily chart, the 0.119–0.1205 high represents a 61.8% retracement of a previous bullish move, indicating a critical resistance zone. A breakout above this level could target the 0.1249–0.1265 region.

Backtest Hypothesis

Given the recent price structure and indicator behavior, a potential backtesting strategy could involve entering long positions on a break of the 0.119–0.1205 resistance with a stop-loss placed below 0.1162. A short position could be triggered on a close below 0.1145, with a target near 0.1132 and a stop above 0.1155. This approach leverages key Fibonacci levels and candlestick pattern confirmations observed in today’s data.