Market Overview for Cookie DAO/Tether (COOKIEUSDT)

Summary
• Cookie DAO/Tether (COOKIEUSDT) posted a bearish close at $0.0682, down from an open of $0.0685.
• A 24-hour low of $0.0660 and high of $0.0715 were recorded, reflecting heightened volatility.
• Volume and turnover remain elevated, suggesting increased participation and potential trend continuation.

Cookie DAO/Tether (COOKIEUSDT) opened at $0.0685 on 2025-11-05 at 12:00 ET and closed at $0.0682 on 2025-11-06 at 12:00 ET. The pair reached an intraday high of $0.0715 and a low of $0.0660 over the 24-hour period. Total volume for the day amounted to 9.7 million, while notional turnover reached approximately $668,439. The price has shown elevated volatility, with notable consolidation and bearish momentum developing in the latter half of the session.

Structure & Formations

The 24-hour candlestick chart for COOKIEUSDT reveals a complex bearish structure, with price forming a descending triangle pattern during the overnight hours. Key support levels appear around $0.0670 and $0.0660, both of which were tested multiple times. A strong bearish engulfing pattern formed around 2025-11-06 15:30 ET, reinforcing the potential for further downside. Resistance remains intact at $0.0700 and $0.0715, which have not been decisively broken.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have begun to diverge, with the 20SMA dipping below the 50SMA to signal a bearish crossover. The 50-period and 200-period moving averages on the daily chart also show bearish alignment, indicating a longer-term downtrend. Price is currently trading below all key moving averages, suggesting continued downward pressure in the short to medium term.

MACD & RSI

The MACD histogram has turned negative for several sessions, with the line crossing below the signal line, confirming a bearish divergence. RSI stands at 44, indicating neutral momentum but with a bias toward the downside as RSI continues to fall below the 50 threshold. While RSI is not yet in oversold territory, the momentum appears to be losing steam, suggesting a continuation of the bearish bias in the near term.

Bollinger Bands

Volatility has expanded significantly, with Bollinger Bands widening from $0.0675 to $0.0690 to $0.0660 to $0.0715 over the 24-hour period. Price is currently near the lower band, which often signals a potential bounce or further extension of the bearish move. A breakout above the upper band would require strong volume and a reversal in momentum, currently lacking.

Volume & Turnover

Volume has spiked sharply over the last 12 hours, with several 15-minute candles recording volumes above 500k and total volume reaching 9.7 million. Turnover has mirrored this trend, rising to $668k. The volume is aligned with the bearish price action, confirming the strength of the recent sell-off. A divergence between volume and price could signal a reversal, but so far the correlation remains strong and bearish.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.0685 to $0.0660 shows that the 38.2% level at $0.0675 has been tested multiple times and currently acts as a minor resistance. The 61.8% level at $0.0670 is under pressure as a potential short-term support. On the daily chart, the 50% retracement level at $0.0682, where price is currently trading, could provide a temporary pause but is unlikely to hold against the broader bearish trend.

Backtest Hypothesis

To further assess the potential for continued bearish momentum, a MACD-based backtest strategy is proposed. The MACD death-cross, where the MACD line falls below the signal line, has historically been a significant bearish signal. However, an attempt to automatically fetch MACD data for the pair “COOKIE DAO / USDT (COOKIEUSDT)” encountered an error: “Could not find asset base-info node; missing ‘data’ key.” This typically indicates that the ticker symbol or exchange suffix is not recognized by the data source.

To proceed, one of the following actions is required:
1. Confirm the exact symbol (including any exchange suffix) for Cookie DAO quoted in USDT (e.g., “COOKIEUSDT.BINANCE”).
2. Provide a list of manual “death-cross” dates for the specified period (2022-01-01 to 2025-11-06).
3. Request to try an alternative data source or format.

Once the MACD data is validated or supplied, the backtest will identify all death-cross events and assess their impact on post-event returns. This will include visualizing performance metrics and evaluating the effectiveness of the strategy in predicting bearish reversals.