Cookie Crypto Tests Key Support Level Amid Bullish Technical Signals

Cookie (COOKIE) is retesting a critical support zone that could dictate its next major price movement. The digital asset has transformed former resistance into a potential springboard for upward continuation, with technical indicators suggesting resilience despite recent pullbacks.

The current price action aligns precisely with two significant technical markers: the 200-day moving average and the 0.618 Fibonacci retracement level. This confluence creates a high-probability reversal zone, particularly as the pullback occurred on declining volume—a classic hallmark of healthy consolidation rather than trend reversal.

Market structure remains decidedly bullish, with Cookie maintaining its pattern of higher highs and higher lows. Traders are eyeing the $0.30 level as the next logical target should this support hold, which WOULD represent a 50% gain from current levels.