Market Overview: Cookie DAO/Tether (COOKIEUSDT) on 2025-11-14

Summary
• Cookie DAO/Tether fell to a 24-hour low of $0.062, down 16.5% from the prior day’s close.
• High volatility and volume spikes were observed after 19:00 ET, with a sharp decline into the early morning.
• RSI and MACD signaled bearish momentum, with price testing key Fibonacci levels.

Cookie DAO/Tether (COOKIEUSDT) opened at $0.0712 on 2025-11-13 at 12:00 ET, reached a high of $0.0714, and fell to a low of $0.0620 before closing at $0.0624 on 2025-11-14 at 12:00 ET. The 24-hour volume totaled 15.3 million cookies, with a notional turnover of approximately $1.01 million.

The price structure over the past 24 hours showed a strong bearish bias, with a key support level forming at the 0.0638–0.0620 range. A series of lower highs and lower lows confirmed the downtrend. A long bearish engulfing pattern was visible around 20:00 ET, followed by a bearish continuation in the early morning hours. A doji appeared at $0.0625, suggesting a potential short-term pause in the decline, but it failed to hold above that level.

The 15-minute 20-period and 50-period moving averages were both below the price, reinforcing the short-term bearish trend. The 50-period daily moving average is also positioned below the 200-period line, indicating a medium-term downtrend. MACD crossed below the signal line in early evening trading, confirming the bearish momentum. RSI dropped into oversold territory at the 25 level but failed to trigger a meaningful rebound, indicating bearish exhaustion.

Price tested the 61.8% Fibonacci retracement level at $0.0638 and broke through it into the 78.6% zone. Bollinger Bands showed a widening in late evening and early morning, signaling increased volatility. However, price remained in the lower half of the bands, suggesting continued bearish bias. Volume spiked significantly in the early morning session, particularly between 02:00 and 04:00 ET, as price fell sharply. Notional turnover also surged during this period, confirming the bearish move.

The backtest hypothesis relies on technical indicators such as RSI to identify potential entry and exit points in the market. For the proposed RSI-based strategy (buying on RSI < 30 and holding 5 trading days), accurate and historical RSI data is essential. If data for the ticker “HOLD.P” is unavailable, an alternative approach could be to either use a different ticker for the same ETF, if available, or substitute with a similar benchmark or ETF that follows a comparable strategy. Once the correct ticker is confirmed, the backtest can proceed using the specified time frame of 2022-01-03 through 2025-11-14.
The current price action could test the next key support level at $0.0600 in the next 24 hours. A bounce from this level could offer a short-term rebound, but the broader trend remains bearish. Investors should watch for divergence between price and volume or a breakout above the 0.0650 level for potential trend reversal signals.