#NFPCryptoImpact
Cookie DAO (COOKIE) is a cryptocurrency that has seen significant price fluctuations in recent times.
Technical analysis on the daily frame:
1. General trend (Trend):
It has witnessed an increase in the past few days, as it has risen by 21% in the last 24 hours.
2. Support and resistance levels:
24-hour high: $0.7536
24-hour low: $0.4406
The $0.4406 level is considered strong support, while $0.7536 represents a resistance level to watch.
3. Technical indicators:
Relative Strength Index (RSI): Due to the rapid rise in price, the RSI may be in the overbought zone (>70), indicating a possible correction or stabilization in the price.
4. Trading Volume:
The trading volume in 24 hours was $249,777,924.54, indicating increased interest and liquidity.
Influencing Factors:
News and Developments: Any new updates or partnerships may significantly impact the price of the coin.
General Market: Cryptocurrencies are generally affected by the overall market movement, so general trends should be monitored.
Recommendations:
For investors: It is advisable to monitor the mentioned support and resistance levels and make decisions based on them.
For speculators: Pay attention to technical indicators and trading volume to determine appropriate entry and exit points.
Note: It is always advisable to conduct personal research and consult experts before making any investment decisions, due to the ongoing market volatility.