Cookie Token Surges 27%—Is $0.26 the Next Stop?
A dead-cat bounce or the real deal? Cookie’s crypto price just ripped 27.06% off a textbook support level—traders are now eyeing $0.26 as the next battleground.
Meme-coins doing meme-coin things? Shocking. Meanwhile, Wall Street still charges 2% fees to underperform Bitcoin.
Key technical points
- Major Support Held: $0.15 support held strong, backed by 0.618 Fib, 200 MA, and channel support
- Current Resistance: Testing $0.22 zone, in confluence with HTF channel resistance and volume node
- Market Structure: Higher highs and higher lows remain intact
- Potential Next Target: Breakout above $0.22 could send price toward $0.26
The recent MOVE from $0.15 to $0.22 was not only sharp but also technically sound. The support zone at $0.15 acted as a stronghold of confluence, providing a solid launchpad for this breakout. As Cookie now tests the $0.22 resistance zone, it faces its next significant challenge.
A clean break above this resistance may not occur immediately. Given the scale of the recent move, a consolidation phase WOULD be a healthy development. Ideally, traders should look for the formation of a bullish pennant or a short-term ascending channel just below resistance. These structures often precede breakout moves, allowing the market to gather momentum.
While there’s always the possibility of a continued pump without consolidation, the more sustainable path would involve some sideways movement that builds pressure beneath the $0.22 level. If that occurs, it could act as a launchpad toward the next resistance at $0.26, a natural magnet for price continuation.
What to expect in the coming price action
If Cookie consolidates under $0.22 and maintains its bullish structure, a breakout toward $0.26 is highly probable. The overall trend remains strong, and technicals support continued movement to higher levels with a confirmed bullish setup.
