COOKIE Token Recovers Momentum With Key Support Hold and Rising Trading Volume

COOKIE’s price dropped then found support near $0.086, sparking a steady recovery phase.

Market cap climbed from below $50 million, then climbed to $60 million, showing buying interest.

COOKIE trading volume increased, driving futures activity amid balanced long and short positions.

As of writing time,Cookie DAO (COOKIE) is priced at $0.09563.Despite recent losses, growing buying interest saw $20.7 million traded in 24 hours. Traders are hopeful for a strong comeback soon.

Price Drop and Chart Patterns

Between October 10 and 11 COOKIE fell from $0.11 to under $0.08 .The price stayed between $0.08 and $0.09 for two days, before the price started to go back up toward $0.10, suggesting buyers were returning.If the price breaks above the $0.1080 resistance level with strong volume, it could mean a recovery. The support zone between $0.0861 and $0.0940 is important to watch.

On Twitter, Crypto Candy mentioned that $COOKIE looks good as interest in BNB Chain and AI grows. The recent breakout on short-term charts gives a hopeful sign for a price rebound.The chart shows a possible bullish symmetrical ascending triangle

Market Cap and Trading Volume

Cookie DAO’s market cap dropped from around $70 million to under $50 million during the price fall. This drop shows investors sold off their tokens during the decline. The market cap slowly rose to about $60 million, showing some buying but with caution.Trading volume spiked right after the price crash, which shows panic selling.

The slow rise in market cap points to careful buying rather than quick spikes.Volume has slowed down,but it is still higher than the lowest points, meaning people are still trading the token

Futures trading volume for COOKIE hit $42.38 million as spot trading stayed low at $5.40 million. This difference suggests many traders are using leverage instead of buying or selling directly.

Exchange Activity and Recent Performance

Binance is the biggest exchange for COOKIE, with $13.43 million traded daily, a 63.53% increase. Other exchanges like BingX and Bitget also see trading but with mixed results. Binance remains the main place for COOKIE trades.

COOKIE’s price went up 6.61% on the last day but dropped 24.77% over the past week, showing some recent ups and downs. Futures data shows long and short positions are almost equal, with shorts slightly more at 51.08%. This balance shows traders are unsure about the next move.

How the price moves next depends on holding support levels and breaking through resistance. Watching the volume will be important to confirm any strong upward move soon.

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