#COOKIE
Current Market Snapshot
Price: $0.2871
24h High/Low: $0.3685 / $0.2733
RSI (6): 22.83 → Oversold zone
EMA Status:
EMA(7): 0.3063 (above price)
EMA(25): 0.3126 (above price)
EMA(99): 0.2865 (near current price)
MACD: Bearish crossover with red histogram bars increasing
Volume: Dropping after a peak, signaling weakening momentum
Trend Analysis
The chart shows a sharp rejection from the top ($0.3685), followed by a strong bearish move.
The current price is near support at EMA(99) (~$0.2865), which might act as a temporary cushion.
RSI at 22.83 signals a potential rebound as the asset is oversold in the short term.
Scenarios
Bullish Case (Rebound)
If support holds at ~$0.2865:
Short-term bounce targets:
$0.3030 (minor resistance / EMA(7) area)
$0.3120–0.3150 (EMA(25) and structural resistance)
For sustained upside, it must reclaim above $0.3250 to aim for $0.35 again.
Bearish Case (Breakdown)
If $0.2865 support fails:
Next targets:
$0.2733 (recent low and critical support)
If $0.2733 breaks, expect a further drop to $0.2600 or lower.
Next Likely Move
Given:
Oversold RSI,
Touching EMA(99) support,
Weak but declining volume,
A short-term bounce is likely, targeting around $0.3030–$0.3120, but unless it breaks above that range with volume, the trend remains bearish.
DYOR(Do Your Own Research) before going into it