📉 Technical Analysis: $COOKIE $

Here’s a snapshot of COOKIE’s current technical setup:

🔹 KDJ Indicator

• Previous: 44.80

• Current: 35.13

• Trend: Bearish momentum is increasing as KDJ moves lower.

🔹 Bollinger Bands

• Current Price: $0.2877

• Lower Band: $0.2567 | Upper Band: $0.3787

• Interpretation: COOKIE is trading near the midpoint, signaling consolidation. Watch for a breakout above the upper band (bullish) or a breakdown below the lower band (bearish).

🔹 MACD (Moving Average Convergence Divergence)

• MACD Line remains below the Signal Line

• Histogram: -0.0055

• Momentum: Bearish momentum persists.

🔹 RSI (Relative Strength Index)

• Previous: 34.9 | Current: 33.07

• Status: Oversold territory (<30), suggesting a potential price rebound might be on the horizon.

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📊 Summary

• 🔻 Bearish Indicators Dominate: KDJ, MACD, and RSI all point toward continued downward pressure.

• ✅ RSI Oversold: A possible short-term bounce could occur, but confirmation is needed.

• ⚠️ No Clear Bullish Signals: Patience and caution are key.

📌 Conclusion

COOKIE is currently in a bearish phase. While the RSI hints at a potential recovery from oversold levels, most indicators favor caution. Keep an eye on price behavior near Bollinger Band extremes for clues on the next move.