$COOKIE / USDT Showing Signs of Bottoming? Watch for Potential Reversal! 🍪

$COOKIE / USDT is currently trading at $0.0938, down by 3.20% today. The 4-hour chart, however, suggests a potential stabilization after a significant downtrend. The price is hovering slightly above its 24-hour low, and the recent candles show reduced downward momentum.

Key Observations:

Approaching 24h Low: Currently trading just above the 24-hour low of $0.0905, indicating potential support in this area.
Decreasing Downward Momentum: The recent 4-hour candles show smaller red bodies and some signs of consolidation, suggesting the selling pressure might be weakening.
Moderate Volume: The 24-hour volume for COOKIE is 13.37M, with $1.25M traded in USDT, indicating moderate trading activity.
AI Sector: As a project in the AI sector, positive news or developments within artificial intelligence could trigger a recovery.

Potential Strategy:

Traders might watch for a sustained break above the $0.095 resistance level as an initial sign of potential upward momentum. A stronger confirmation would be a break above the recent swing highs around $0.097.

Important Considerations:

Resistance Levels: Watch the $0.095, $0.097 (24-hour high), and potentially $0.10 as key resistance levels.
Support Levels: Monitor the 24-hour low of $0.0905 and potentially lower levels for strong support in case the stabilization fails.
Market Sentiment: Pay attention to the overall cryptocurrency market sentiment, particularly regarding AI-related tokens, as they can influence COOKIE's price.
Project Developments: Look out for any news or updates related to COOKIE that could act as a catalyst for price movement.

Keep a close watch on $COOKIE/USDT for signs of sustained stabilization and a potential move toward recovery. Trade responsibly. This is not financial advice.

#COOKIE #COOKIEUSDT #Altcoin #PotentialReversal #BottomWatch