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Summary
• Price formed a deep bearish engulfing pattern after early morning highs.
• Volume spiked to over 1.9M at 19:45 ET, coinciding with a sharp decline.
• RSI dropped below 30 after midday, signaling potential oversold conditions.
• Bollinger Bands tightened before the 19:45 ET selloff, suggesting increased volatility.
Cookie DAO/Tether (COOKIEUSDT) opened at 0.0419 on December 18, 2025 at 12:00 ET, reached a high of 0.0421, and closed at 0.0398 by 12:00 ET on December 19. The total volume over the 24-hour window was approximately 6.1 million, with a notional turnover of about $246,000 (based on average price).
Structure & Formations
A bearish engulfing pattern formed at 17:45 ET as price moved from 0.0419 to 0.0404, indicating potential bearish momentum. A long lower shadow at 22:30 ET showed some short-term buying interest, but failed to break above 0.0387. A doji formed at 22:45 ET, signaling indecision near the 0.0387 level.
MACD & RSI
The RSI dipped below 30 after midday, suggesting the price may be entering oversold territory. MACD showed a negative divergence during the 19:45 ET selloff, with price hitting a low of 0.0382 while MACD remained flat. This hints at potential short-term mean reversion.
Bollinger Bands
Bollinger Bands tightened in the morning hours before the sharp drop at 19:45 ET. After the selloff, price remained within the bands but close to the lower band, suggesting continued volatility and a possible test of key support at 0.0382.
Volume & Turnover
The largest volume spike occurred at 19:45 ET with 1.95M, accompanied by a drop from 0.0393 to 0.0382. This was confirmed by notional turnover of over $75,000 in that 5-minute window. Volume remained elevated after the selloff, suggesting continued bearish pressure.
Fibonacci Retracements
On the 5-minute chart, price found initial support at the 61.8% Fibonacci level of 0.0382 during the selloff. A recovery to 0.0396 could test the 38.2% retracement level. On the daily chart, the 0.0389 level is a key area to watch for potential bounce or breakdown.
Looking ahead, the next 24 hours may see further consolidation near 0.0382–0.0384 if support holds, or a potential breakdown below 0.0380 if bearish momentum intensifies. Investors should monitor volume spikes and RSI levels for signs of a reversal or continuation.
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