Summary
• Cookie DAO/Tether surged 32% on heavy volume, forming bullish continuation patterns.
• Momentum accelerated midday with RSI hitting overbought levels, suggesting short-term exhaustion.
• Bollinger Bands widened with price near +1σ, indicating increased volatility and potential pullback.
• Volume diverged late in the session, hinting at possible near-term profit-taking.
• Key resistance at 0.0469 appeared vulnerable, with a potential test of 0.0474 if bullish bias holds.
Market Overview
Cookie DAO/Tether (COOKIEUSDT) opened at $0.0441 on 2026-01-13 12:00 ET, surged to a high of $0.0497, and closed at $0.0464 as of 2026-01-14 12:00 ET. Total volume reached 15.8 million, with a notional turnover of $762,826. The asset showed strong bullish momentum, particularly between 20:15 and 22:45 ET, before consolidating.
Structure and Patterns
Price action revealed a strong bullish bias with a key breakout above 0.0469, forming a rising wedge. A bullish engulfing pattern emerged at 0.0458, followed by a continuation rally into the late evening. A doji at 0.0496 suggested indecision after a sharp rise.
Momentum and Indicators
MACD crossed into positive territory early in the session, confirming the bullish move. RSI spiked to 74 midday, indicating potential overbought conditions and possible near-term correction. Bollinger Bands expanded sharply as volatility increased, with price reaching the +1σ level near 0.0497.
Volume and Turnover
Volume surged to a peak of 9.3 million at 03:15 ET but declined afterward, showing a divergence in buying pressure. Turnover remained strong, with a large spike at 22:15 ET when price broke above 0.0474.
Key Levels and Retracements
Fibonacci retracements on the 5-minute chart showed 0.0469 (38.2%) and 0.0474 (61.8%) as critical levels. Price appears to have found initial support at 0.0461, with a potential rebound into the 0.0464–0.0468 range expected.
In the next 24 hours, a pullback into the 0.0461–0.0463 range may offer a buying opportunity, but a close below that level would signal a possible short-term bearish reversal. Investors should watch volume and RSI for signs of momentum fading.
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