Market Overview for Cookie DAO/Tether (COOKIEUSDT)

Summary
• COOKIEUSDT edged lower after a sharp morning rally, capped at 0.0402.
• Volatility expanded midday, with volume spiking over 773,000 at 00:15 ET.
• RSI signaled overbought conditions, followed by a pullback into neutral territory.
• Price action showed bullish engulfing and bearish rejection near 0.0391.
• Bollinger Bands widened mid-session, suggesting potential for further consolidation or breakout.

Market Overview

Cookie DAO/Tether (COOKIEUSDT) opened at 0.039 on 2025-12-21 at 12:00 ET, touched a high of 0.0402, and closed at 0.039 by 12:00 ET on 2025-12-22. Total volume for the 24-hour window was approximately 5,723,304.5, while turnover reached around 195,599.9 USD.

Structure & Formations

The 24-hour period showed a clear bullish thrust from 0.039 to 0.0402, followed by a bearish correction. Key resistance formed at 0.0402, with a secondary level at 0.0395 showing rejection. Support emerged at 0.0389 and 0.0386, with a bullish engulfing pattern forming early and a bearish rejection pattern at 0.0391.

A doji at 00:45 ET signaled indecision amid heightened volatility.

Moving Averages

On the 5-minute chart, price closed slightly above the 20-period MA but below the 50-period MA. Daily moving averages (50/100/200) are not clearly visible in the dataset, but the price remained in a tight range for most of the session, indicating consolidation.

MACD & RSI

The MACD line moved into positive territory during the morning rally but crossed below the signal line as the session progressed, suggesting waning bullish momentum. RSI briefly entered overbought territory above 70 before retracing, signaling a likely consolidation or pullback.

Bollinger Bands

Volatility expanded significantly around 00:15 ET, with price surging to the upper band at 0.0402. This was followed by a contraction as price moved into the mid-band during the early hours of the session. Price has since remained between the middle and lower bands, indicating reduced volatility.

Volume & Turnover

Volume spiked at 00:15 ET with 773,121.2 units traded, coinciding with the price reaching the day’s high. Turnover also spiked at that time, confirming the strength of the move. Later in the session, volume dropped off despite continued price declines, suggesting possible divergence.

Fibonacci Retracements

Applying Fibonacci to the 0.039–0.0402 swing, price found resistance at the 61.8% retracement level of ~0.0396, then retraced further to the 38.2% level (~0.0391). These levels appear to be short-term pivots for the pair.

Looking ahead, COOKIEUSDT may test the 0.0395–0.0396 zone for a potential breakout, but bearish pressure remains strong near 0.039. Investors should watch for confirmation or rejection at these levels. As always, volatility remains a key risk, especially ahead of a possible retest of the 0.0402 high or a breakdown of the 0.0386 support level.