#COOKIE $COOKIE 🚀 #breakout
A breakout above $0.2671 could open the way to $0.275+ or even $0.28 short term.
If the price dips below the MA(25) support (~$0.2342), it could revisit the $0.21 - $0.22 range.
COOKIE/USDT chart (1-hour timeframe from Binance)
📈 Current Market Summary
Price: $0.2539
Change: +16.63% (Bullish momentum)
24h High/Low: $0.2671 / $0.2105
Volume (COOKIE): 64.11M
Volume (USDT): 15.80M
🧠 Technical Indicators
1. Moving Averages (MA)
MA(7): $0.2559 (short-term)
MA(25): $0.2342 (medium-term)
MA(99): $0.2312 (long-term)
✅ Bullish signal: The price is above all MAs (7, 25, and 99), indicating strong upward momentum. The short-term MA is crossing above longer MAs — this is often an early bullish confirmation.
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2. Volume
A sharp increase in green volume bars suggests strong buying pressure during the breakout. However, recent red candles with slightly dropping volume may suggest temporary profit-taking or resistance.
3. RSI (Relative Strength Index)
RSI(6): ~60.42
This is not in overbought territory (>70) yet but is leaning toward bullish. It implies there might still be room for further upward movement.
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🕯️ Candlestick Pattern
Strong bullish candles leading to a peak of $0.2671, followed by some consolidation.
The price has pulled back slightly, suggesting resistance at the top or a short-term correction.
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⚠️ Potential Scenarios
✅ Bullish Case:
If price holds above the 7-period MA (~$0.2559), a retest of $0.2671 is likely.
A breakout above $0.2671 could open the way to $0.275+ or even $0.28 short term.
Bearish Case:
If the price dips below the MA(25) support (~$0.2342), it could revisit the $0.21 - $0.22 range.
Watch volume: a sharp decline in volume with price dropping may confirm reversal or correction.
Recommendation (Not Financial Advice)
Short-term traders: Watch for confirmation above $0.2559 to consider long entries.
Swing traders: Consider setting alerts around $0.2342 (MA25) and $0.2671 (resistance).
Use tight stop losses due to recent volatility.
