$COOKIE – Profit Booking or More Upside? 🚀
$COOKIE has witnessed a massive rally, surging nearly 46%, reaching a high of $0.3089 before facing a strong rejection. The price is currently retracing, testing support levels.
📈 Bullish Scenario
If COOKIE holds above $0.240, we could see a bounce toward $0.260 - $0.280.
A breakout above $0.285 could trigger another leg up to $0.300 - $0.320.
📉 Bearish Scenario
If COOKIE loses $0.240, we might see a deeper correction to $0.220 - $0.200.
Heavy selling pressure could lead to further downside toward $0.180.
🔥 Key Support & Resistance
Resistance: $0.260 - $0.285
Support: $0.240 - $0.220
📊 RSI & Volume Analysis
RSI cooling down – Still above neutral, but correction is in play.
Volume dropping – Indicates profit-taking after a strong rally.
⚠️ Breakout Watch: A move above $0.260 could signal another bullish push, while failing to hold $0.240 may lead to a deeper retracement.