Key Highlights
- $COOKIE price surges 10% intraday, now trading at $0.1795
- Breakout above $0.17 resistance confirmed by rounded bottom pattern
- RSI hits 74, indicating strong bullish sentiment
- MACD crossover and positive divergence support upward trend
- Next resistance zones at $0.20 and $0.30358
- Social sentiment reaches highest point since December 2021
Technical Breakout Hints at Trend Reversal
After months of bearish pressure, Cookie DAO appears to be reversing its downward trajectory. The token has formed a rounded bottom pattern throughout April, culminating in a breakout above the key $0.17 resistance level. This move marks the first time since February that COOKIE has breached this price point, signaling the potential start of a sustained uptrend.
The recent breakout is supported by a classic technical structure of rising highs and rising lows. With this shift in market structure, investors and traders are beginning to anticipate a stronger bullish phase in the short term.
Momentum Indicators Confirm Bullish Outlook
The Relative Strength Index (RSI) has surged to 74, firmly placing COOKIE in bullish territory. Although the token is now technically overbought, the upward slope of the RSI’s 14-day moving average indicates strengthening momentum rather than exhaustion. This could be a sign of an early-stage recovery, especially following the 80% price correction experienced since the token’s peak at $0.64 in late 2024.
In parallel, the MACD indicator paints a positive picture. The MACD line (0.00967) has crossed above the signal line (0.00398), while the histogram has flipped into positive territory. This bullish divergence aligns with increased volume and investor confidence.
Volume and Sentiment Signal Renewed Interest
Trading volume has jumped by 67%, reflecting a spike in market activity and growing interest in COOKIE. Social sentiment metrics further validate this shift, with current levels reaching 0.33038—the highest since December 2021. Historically, such sentiment spikes have led to prolonged rallies, especially after long periods of stagnation or bearish outlooks.
What’s Next for COOKIE?
As the price hovers near $0.18, the next immediate resistance lies at $0.20. A successful break above this level could open the path toward the stronger $0.30358 resistance zone. If COOKIE maintains momentum and clears both zones, the ultimate target could be a return to its all-time high near $0.64496.
Support levels remain crucial for maintaining structure. The primary support is now established at $0.17, with further psychological and technical support at $0.10 and $0.07100 respectively.
Conclusion
Cookie DAO’s recent breakout above $0.17 and its strong technical indicators suggest that the bulls may indeed be setting their sights on the $0.30 level. With rising volume, strong sentiment, and favorable momentum, the token could be entering a new bullish phase—though traders should watch key resistance and support levels closely to confirm sustained movement.