$COOKIE has surged with a large volume increase of over 30% in the past 24 hours. The price has returned to around $0.01265, with 24-hour trading volume reaching $29.76 million. The market cap is roughly on the order of $100 million. From a technical standpoint, the coin price has regained the key moving averages, and the bullish structure has been somewhat repaired.
The main drivers behind this uptrend can be summarized in three points:
First, capital inflows have turned persistently net positive. Trading volume has increased noticeably compared with earlier periods, strengthening buy-side momentum.
Second, a key technical breakout has been completed. The K-line pattern works together with moving-average support, making the trend-strengthening signals relatively clear.
Third, ecosystem project linkage has kicked in. Several related projects have risen in sync, providing external buying pressure and topic heat for $COOKIE .
It should be noted that the market cap is still in the mid-to-small range, so volatility is naturally higher. When chasing gains in the short term, be sure to control position size and watch the follow-through when prices pull back to the moving averages.
#CookieDAO
The main drivers behind this uptrend can be summarized in three points:
First, capital inflows have turned persistently net positive. Trading volume has increased noticeably compared with earlier periods, strengthening buy-side momentum.
Second, a key technical breakout has been completed. The K-line pattern works together with moving-average support, making the trend-strengthening signals relatively clear.
Third, ecosystem project linkage has kicked in. Several related projects have risen in sync, providing external buying pressure and topic heat for $COOKIE .
It should be noted that the market cap is still in the mid-to-small range, so volatility is naturally higher. When chasing gains in the short term, be sure to control position size and watch the follow-through when prices pull back to the moving averages.
#CookieDAO