Market Overview: Cookie DAO/Tether (COOKIEUSDT) – 24-Hour Analysis

• Cookie DAO/Tether (COOKIEUSDT) rose from 0.1322 to 0.1368 before a sharp pullback to 0.1258, forming a bearish divergence by close.
• High volatility seen during 2025-09-14 22:45–23:45 ET with a 1.2% range and surging volume.
• RSI reached overbought levels at 78, followed by a rapid decline, signaling potential exhaustion.
• Volume spiked at 608,453.3 (12:00–12:15 ET) amid a 3.5% drop in price.

Cookie DAO/Tether (COOKIEUSDT) opened at 0.1322 on 2025-09-14 at 12:00 ET, surged to a high of 0.1368, and ultimately closed at 0.1258 on 2025-09-15 at 12:00 ET, after hitting a low of 0.1251. Total volume for the 24-hour window reached 6.08 million contracts, with notional turnover amounting to approximately $768,500, assuming $1 = 1000 units.

Structure & Formations

The pair formed multiple key resistance levels around 0.1345–0.1350, with a notable bearish engulfing pattern developing after a midday rally on 2025-09-14. A doji at 22:45 ET (price: 0.1349) marked a short-term pivot point. The price then broke below a rising channel on 2025-09-15 at 07:00–08:00 ET, forming a bearish trendline from 0.1326 down to 0.1258. A key support appears to form around 0.1270, where the price found buying interest twice.

Moving Averages

The 15-minute chart shows a bearish crossover between the 20 EMA and 50 EMA during the late morning (08:00–09:00 ET), aligning with the sharp pullback. Daily MAs indicate that the 50 SMA is currently at 0.1310, the 100 SMA at 0.1335, and the 200 SMA at 0.1340, suggesting short-term bearish bias with potential for a retest of 0.1270–0.1280.

MACD & RSI

The RSI spiked into overbought territory (78) during the 05:30–06:30 ET rally and then collapsed to 33, signaling strong bearish momentum. The MACD histogram turned negative during the sell-off at 07:00–08:00 ET and remained negative for the majority of the day, confirming the bearish trend. The MACD line crossed below the signal line (bearish crossover) at 07:45 ET, reinforcing the downtrend.

Bollinger Bands

Volatility expanded significantly between 04:30–05:45 ET, with price moving beyond the upper Bollinger Band. This was followed by a sharp contraction into the lower band between 07:45–09:45 ET, indicating potential consolidation or reversal setups. Price currently rests near the lower Bollinger Band at 0.1251–0.1260, suggesting oversold conditions and potential support.

Volume & Turnover

Volume spiked sharply during the 07:45–08:45 ET window, reaching 608,453.3 contracts, as the price dropped from 0.1288 to 0.1258—a 4.0% move—indicating significant selling pressure. However, buying interest reappeared after 09:45 ET, with volume rising again and notional turnover confirming the price action. A divergence appeared between price and volume in the last 2 hours (14:45–16:00 ET), where the price continued lower despite reduced volume.

Fibonacci Retracements

Using the 0.1251–0.1348 swing, the 61.8% retracement level sits at 0.1295, which the price briefly tested before falling again. A retest of the 38.2% level at 0.1274 could trigger further selling or provide a short-term bounce if buyers step in. Daily Fibonacci levels indicate a potential support at 0.1268 (61.8% from 0.1251 to 0.1368).

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions when the price breaks below a 15-minute Bollinger Band (lower) with confirmation from a bearish MACD crossover and RSI below 30. Exit points could be placed at the 38.2%–50% Fibonacci retracement levels during rebounds. Given today’s move, this strategy would have captured a 4.5% short trade with a stop at 0.1300 (above the 07:45 ET high), yielding a favorable risk/reward profile if executed correctly. The strategy's validity over time would depend on consistent volatility and strong bearish momentum.