Market Overview for Cookie DAO/Tether USDt (COOKIEUSDT) – 2025-09-10

• Cookie DAO/Tether USDt (COOKIEUSDT) posted a bearish close in a volatile 24-hour session with a peak at 0.1367 and a trough at 0.1315.
• Price consolidated above key support around 0.1330–0.1335 and showed a bullish divergence in volume and price.
• RSI signaled overbought conditions in late ET hours, while MACD suggested mixed momentum across the session.
• Bollinger Bands showed a recent expansion, indicating increased short-term volatility with price hovering above the midline.
• Fibonacci retracements highlighted 0.1340 as a key 61.8% level from the recent 0.1315–0.1367 swing, suggesting potential for continued upward pressure.

Cookie DAO/Tether USDt (COOKIEUSDT) opened at 0.1334 on 2025-09-09 12:00 ET and reached a high of 0.1367 before closing at 0.1362 on 2025-09-10 12:00 ET. The pair traded between 0.1315 and 0.1367, with a total 24-hour volume of 13,241,662.8 and a notional turnover of 1,787,699.5 USD. Price action displayed a bullish close amid increased volume in the final hours of the 24-hour window.

Structure & Formations

Price tested key support levels around 0.1330–0.1335 multiple times, with a strong rejection observed around 0.1335–0.1340. A bullish engulfing pattern was noted around 0.1340–0.1345 in early ET hours on 09/10, followed by a series of higher highs and higher closes. A potential short-term resistance appears at 0.1360–0.1365, where price met some pressure after a late-day rally. A doji appeared near 0.1360 in early ET, indicating indecision at the top of the range.

Moving Averages and Volatility

On the 15-minute chart, the 20SMA and 50SMA crossed several times, indicating choppy conditions before price settled above the 50SMA in the final hours. A 200SMA on the daily chart resides at 0.1335, with current price above it, suggesting a potential bullish bias for the day. Bollinger Bands expanded from 0.1335–0.1355 to 0.1315–0.1367, reflecting increased volatility, with price closing just below the upper band at 0.1367.

MACD & RSI

MACD showed a bullish crossover in late ET hours, with the histogram turning positive as price approached 0.1362. The RSI, however, peaked at 65–70, indicating overbought conditions and a potential pullback. The RSI line did not show a bearish divergence, but it moved sideways at the upper end of the scale, suggesting exhaustion in the upward move.

Volume & Turnover

Volume increased significantly in the final hours, with the largest 15-minute volume spike occurring at 12:45 ET (0.134–0.1367), coinciding with the breakout above 0.1360. Notional turnover confirmed the volume surge, with a sharp increase in the final hour. Price and turnover aligned positively in the last 30 minutes, suggesting a higher probability of a follow-through above 0.1365.

Fibonacci Retracements

Applying Fibonacci levels to the 0.1315–0.1367 swing, the key retracement levels of 38.2% (0.1336), 50% (0.1341), and 61.8% (0.1346) were tested throughout the day. Price found support around 0.1335–0.1340 and closed above the 61.8% level at 0.1346–0.1348, suggesting a potential move toward 0.1355. If price pulls back below 0.1335, the 0.1325 level becomes a watch zone for further support.

Backtest Hypothesis

A potential backtest strategy for COOKIEUSDT could involve a trend-following approach that utilizes the 50SMA and 200SMA as filters. A long entry could be triggered when price closes above both the 50SMA and 200SMA, confirmed by a bullish MACD crossover and rising RSI. Stops could be placed just below a recent swing low or key Fibonacci level, with targets aligned to the upper Bollinger Band or next Fibonacci retracement. During the 24-hour period, this strategy would have generated a signal in the early ET hours of 09/10, with a target of 0.1360–0.1365 and a stop just below 0.1335.