$COOKIE /USDT Dives to New Lows: Can Buyers Step In?
$COOKIE /USDT is trading at $0.4526, down by 10.87% in the last session. The pair has reached a daily low of $0.4524, with a high of $0.5149, reflecting heavy selling pressure.
Key Levels to Watch:
Immediate Resistance: $0.4700, $0.4900
Critical Support: $0.4500, $0.4400
Bearish Scenario:
Failure to hold above $0.4500 may open doors for a deeper decline toward $0.4400 or lower, as the RSI indicates oversold conditions.
Bullish Potential:
A recovery above $0.4700 could trigger a relief rally to $0.4900. A sustained move above this level might attract buyers, signaling a potential reversal.
Market Insight:
With RSI at 21.39, COOKIE is in oversold territory, signaling potential for a short-term bounce. However, bearish MACD alignment suggests further caution for long entries.