Cookie DAO Hits $0.34, Gains 80% After Strong Breakout on $0.18 Support Level

News

  • Cookie DAO (COOKIE) surged 80% after breaking out from a classic inverse head-and-shoulders reversal pattern.
  • The breakout at $0.18 neckline resistance was supported by strong volume, validating the bullish move.
  • Despite the rally, sustainability depends on maintaining support above the breakout level amid increased trading activity.

A strong reversal in the price action of Cookie DAO (COOKIE) has drawn attention this week, following a clear technical breakout from a classic head-and-shoulders formation. The asset, which had traded in a downward trajectory for several months, appears to have reversed course decisively, gaining over 80% after breaking above its neckline resistance.

Chart Pattern Breakout Fuels Rally

Price data from TradingView illustrates a well-defined inverse head-and-shoulders pattern that had developed between February and May 2025. After forming two shoulders around the $0.13–$0.14 level and a head near $0.09, COOKIE’s price finally pierced the neckline resistance at approximately $0.18, triggering a sharp upside move. The breakout has since pushed the price to intraday highs near $0.34, representing an 80% gain from the breakout level.

Source:(X)

The move appears to align with classical technical analysis theory, which often interprets such breakouts as early signs of bullish trend reversals. Volume also showed notable strength during the breakout phase, which typically validates the move in the eyes of market participants.

COOKIE Token Sees 120% Volume Surge

At the time of writing, COOKIE has a price of $0.2832, dropping by 2.24% during the previous day. Currently, the market value of COOKIE  is $146.87 million and it has recorded a 24-hour volume of $187.87 million, increasing over 120% in trading activity. 

Source: CoinMarketCap

The token maintains a circulating supply close to 999.93 million, nearly reaching its 1 billion cap. The spike in volume suggests heightened interest, likely fueled by short-term traders responding to the chart breakout.

Market Implications and Outlook

While the technical picture has turned bullish in the short term, sustainability remains uncertain. The market will likely watch for consolidation above the breakout level to confirm support. Failure to hold above the neckline could bring the asset back into the former range, although no such signals have yet materialized.

Looking ahead, traders and analysts are expected to monitor volume trends and broader market sentiment to assess whether COOKIE’s breakout will lead to a more prolonged bullish phase or if it represents a temporary relief rally following prolonged declines.

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