**๐ช COOKIE/USDT: Crunch Time for the Bulls or More Downside Ahead? ๐**
The price of COOKIE/USDT is trading at **$0.5516**, sliding **-7.17%** in the last 24 hours as it hovers near its **key support at $0.5475**. This level is criticalโif broken, it could pave the way for further downside. On the upside, the **short-term resistance** lies at **$0.5564 (MA7)**, while stronger barriers are set at **$0.5746 (MA25)** and **$0.5863 (MA99)**, reinforcing the bearish trend.
๐ **Entry Strategy**:
- **Bullish Play**: Watch for a breakout above **$0.5564** with rising volume to target the mid-term resistance at **$0.5746**.
- **Bearish Play**: A break below **$0.5475** could signal further declines, providing an opportunity for short entries.
With sellers dominating the scene and volume favoring the bears, the path of least resistance appears to be down. However, volatility remains high, so a sudden reversal is always possible. Stay cautious, stay strategic, and follow the trend! ๐๐น
How do you see COOKIE/USDT shaping up? Letโs dive into the charts together! ๐ฅ