COOKIE/USDT – 4H Technical Outlook
$COOKIE is attempting a recovery from the local low at $0.1493, currently consolidating around $0.1651. Price is stabilizing near the middle Bollinger Band ($0.1666), with narrowing bands suggesting reduced volatility and a potential volatility expansion ahead.
RSI(6) at 59.5 shows neutral-bullish momentum, while MACD remains slightly bearish but is showing signs of convergence—hinting at a possible bullish crossover in the next few candles.
A break above the $0.1730 short-term resistance could reintroduce bullish momentum, targeting the previous swing high at $0.2104. Downside risk remains toward $0.1435 (lower BB) if rejection occurs near resistance.
Volume shows slight uptick—watch for confirmation with breakout volume before entry.