Cookie DAO breaks above key $0.17 resistance with rounded bottom pattern formation.
RSI surges to 70.90 with positive MACD crossover confirming bullish momentum.
The Cookie DAO ($COOKIE) demonstrates signs of recovering from its multi-month price drop that began in December 2024. COOKIE touched its peak at $0.64 during late 2024 before experiencing a severe price drop that caused its value to decrease by more than 80% during mid-April 2025. The recent market movements indicate a possible change in the direction of price trends.
Rounded bottom pattern on the daily technical chart of $COOKIE token persisted across April before prices surpassed the $0.17 resistance level. The recent price breakout marks the first time since February that the token successfully surpassed this particular price area.
The current market movement consists of rising highs and rising lows, which signals an upcoming trend change. According to CMC data, COOKIE is presently trading at $0.1795 with an intraday gain of 10%. The daily trading volume spiked by 67%, demonstrating an increase in buying and selling activity.
Will Cookie DAO Break Above the $0.30 Mark?
Source:
Tradingview
The technical indicators demonstrate a favourable price trend for bulls. RSI is at 74, indicating solid bullish momentum. The indicator displays an overbought possibility, yet its position matches early signs of a market recovery. The 14-day moving average line from the RSI chart demonstrates an upward slope, which verifies an ongoing momentum rise.
Meanwhile, the MACD indicator also displays positive divergence. COOKIE MACD curve (0.00967) crosses above the signal curve (0.00398) while the histogram becomes positive. The market data indicates that increasing bullish momentum is likely to continue in the upcoming period.
Social sentiment indicators maintain their highest levels since December 2021 at 0.33038. Positive market sentiment tends to lead to prolonged price movements after negative or neutral readings have persisted for an extended time.
The price chart shows two resistance zones, with the first at $0.20 and the second, stronger one at $0.30358. If $COOKIE manages to surpass these resistance areas, then the next significant target will be at $0.64496, which was the peak from December. COOKIE support level now stands at $0.17, and additional support comes from the psychological $0.10 level and $0.07100.
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