Market Overview for Cookie DAO/Tether (COOKIEUSDT)

Summary
• Price formed a bullish engulfing pattern near 0.0433, followed by a consolidation phase between 0.0434 and 0.0443.
• Momentum shifted from bearish to bullish in the last 6 hours, with RSI rebounding from oversold levels.
• Volatility expanded significantly after 08:00 ET, with Bollinger Bands widening and price testing the upper band.
• Turnover spiked to $27M at 04:30 ET, aligning with a sharp 0.0443–0.0446 rally, indicating short-term institutional interest.
• Fibonacci 61.8% level at 0.0442 acted as a dynamic support/resistance, with price bouncing off it twice.

24-Hour Price and Volume Snapshot

Cookie DAO/Tether (COOKIEUSDT) opened at 0.0434 on 2026-01-08 at 12:00 ET and closed at 0.0443 on 2026-01-09 at 12:00 ET, reaching a high of 0.0448 and a low of 0.0431. The 24-hour trading volume totaled 1,573,967.6 cookies with a notional turnover of approximately $69,921,460.

Structure and Momentum

Price action began the session with bearish pressure, dropping from 0.0438 to 0.0431 before forming a engulfing pattern near 0.0433. This pattern marked a turning point, as buyers pushed price steadily higher over the following 6 hours. The RSI bottomed in oversold territory below 30, then rose to 50+ by mid-session, confirming a shift in momentum. A 50-period moving average on the 5-minute chart crossed above the 20-period line, indicating short-term bullish bias.

Volatility and Volume Behavior

Volatility remained subdued for most of the session until a sharp expansion began after 08:00 ET, with the upper Bollinger Band reaching 0.0447–0.0448.
This expansion coincided with a volume surge to over 298k cookies and a turnover spike of $13.3M, aligning with a 0.0444–0.0448 rally. While volume continued to support the move higher, the 11:30 ET candle showed a volume contraction at key resistance, suggesting potential near-term consolidation.

Short-Term Outlook and Risk

Looking ahead, the 0.0446–0.0448 range appears to be a key test for buyers. A close above this level could signal a continuation toward 0.0451, aligning with the 78.6% Fibonacci retracement. However, a pullback to test the 0.0438–0.0441 zone may occur if this resistance holds. Investors should be cautious of potential divergence between price and momentum indicators in case of a bearish reversal.