$COOKIE DAO Update: AI Token Shows Signs of Life 🍪🤖

Current Price: $0.05754 (+4.12%)

What the Chart Is Telling Us

Cookie DAO just showed us something interesting on the daily timeframe. After dropping to $0.03521 (its recent low), the price has started climbing back up—and the technical indicators are backing this move.

Finding support and bouncing back: The price hit a solid floor at the lower Bollinger Band (shown in yellow on your chart at $0.04219) and is now pushing toward the middle band at $0.05885. If it breaks through that level with strength, we could see more upside momentum.

Momentum is building: The RSI readings show increasing buyer strength. The 6-period RSI is at 60.80, which signals healthy buying pressure without being overheated. There's still room to run before hitting overbought territory.

Volume confirms the interest: Trading volume spiked to 19.43M COOKIE in the last 24 hours, showing real market participation behind this recovery move.

Why the Price Action?

Two factors are at play:

1. Technical rebound: After any sharp decline, prices naturally attract bargain hunters. Cookie dropped hard and is now experiencing that relief bounce.

2. AI narrative gaining traction: The "AI Agent" sector is heating up across crypto markets. Projects in this space are getting renewed attention, and Cookie DAO—as an AI-focused token—is benefiting from that wave of interest.

Trading Perspective

With Cookie having traded as high as $0.14747 recently, the current price of $0.05754 represents a significant discount.

Key level to watch: A clean break above $0.05885 (the middle Bollinger Band) would strengthen the bullish case. That's your confirmation signal if you prefer waiting for technical validation.

Risk-reward setup: Current levels offer an attractive entry for those building positions, especially if you believe in the long-term potential of AI tokens.

The 24-hour range of $0.05400 to $0.05998 shows decent volatility—enough to create trading opportunities but not wildly unstable.

What's your take on Cookie DAO? Are you watching this AI narrative play out? 👇

#COOKIE #CryptoTrading #AITokens #TechnicalAnalysis #CryptoMarketRebounds