Market Overview for Cookie DAO/Tether (COOKIEUSDT)

Summary
• Price formed a bearish engulfing pattern near 0.0495, signaling potential downward bias.
• Volatility expanded in the early session, with volume surging during the 19:30–20:00 ET sell-off.
• RSI dipped into oversold territory near 0.0475, suggesting possible near-term buying interest.
• Price remains below 20-period and 50-period moving averages, confirming short-term bearish momentum.
• A 61.8% Fibonacci retracement level at 0.0482 appears to offer initial support.

24-Hour Price and Volume Summary

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0487 on 2026-01-05 12:00 ET, reached a high of 0.0497, and closed at 0.0479 on 2026-01-06 12:00 ET, with a low of 0.0471. Total volume amounted to 10,207,256.5, and notional turnover was 491,666.29.

Structure and Key Levels

The 24-hour session saw a clear bearish bias, with price forming a bearish engulfing pattern near 0.0495 and breaking below 0.0485. Key support levels include the 0.0482 Fibonacci 61.8% retracement and the 0.0475–0.0476 psychological floor. Resistance remains at 0.0485 and 0.0491.

Trend and Momentum

Price remains below both the 20- and 50-period moving averages on the 5-minute chart, reinforcing bearish momentum. RSI dipped into oversold territory near 0.0475, which may signal short-term buying interest. The MACD shows negative divergence, with bears maintaining control in the near term.

Volatility and Volume

Volatility expanded as price moved from 0.0497 to 0.0471. Volume spiked during the sell-off between 19:30–20:00 ET, confirming bearish conviction. Notional turnover remained proportionally aligned with price movement, with no clear divergence between volume and price.

Bollinger Bands and Range Action

Price spent much of the session near the lower Bollinger band, especially between 0.0476 and 0.0479, indicating high volatility and bearish pressure. A bounce above 0.0485 would bring price into the mid-band range, potentially reducing volatility.

Forward-Looking View

While price appears to be consolidating near support at 0.0475–0.0476, a break below this range could trigger a test of 0.0471. Conversely, a close above 0.0485 may signal a short-term reversal. Traders should remain cautious of potential false breakouts or continuation of the bearish trend.