COOKIE has skyrocketed from $0.50 to a new all-time high (ATH) of over $0.83, fueled by the announcement of its upcoming Binance Spot listing on January 10, 2025, at 13:00 UTC. The token has surged more than 59%, pushing its market cap beyond $218 million.
Over the last 24 hours, Cookie DAO (COOKIE) has witnessed remarkable activity across major metrics. Trading volume skyrocketed by 97.03%, reaching an impressive $249.16 million, signifying increased market engagement and heightened trading interest.
Similarly, open interest surged by 171.31%, climbing to $31.59 million, reflecting a growing level of participation and a rise in outstanding contracts within the COOKIE derivatives market.
Over the past 24 hours, total liquidations amounted to $1.17 million. Of this, $444.50K was attributed to long liquidations, while $728.23K came from short liquidations, highlighting a significantly greater impact on short positions.
Since the beginning of this year, Cookie DAO (COOKIE) has experienced a significant increase of over 300%. Following the recent announcement of its upcoming Binance listing, the token surged by 59% within the last hour.
On the hourly chart, COOKIE is approaching the upper boundary of an ascending channel pattern. If the price breaks above this channel and maintains its position, a sharp increase could occur around the listing time, potentially reaching a key psychological level.
Conversely, if the bullish momentum fails to break through, the price may decline toward the lower boundary of the channel before potentially rebounding.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.