Bullish Trend Forming After Key Fibonacci Rebound

Cookie has shown an impressive reaction off the $0.15 support level, which also aligns with the 0.618 Fibonacci retracement — a textbook area for bullish continuation in trending markets. This confluence of support not only held price but triggered a strong bullish impulse, suggesting renewed interest and accumulation at this key technical zone.

Following this bounce, Cookie is now approaching a crucial test: the VWAP resistance and a well-defined daily horizontal level. Price is currently backtesting this resistance area. While this could act as a barrier in the short term, a rejection here wouldn’t necessarily be bearish. In fact, a minor pullback from this zone could be considered a bullish correction, giving Cookie room to form a higher low — a key requirement for establishing a healthy uptrend.

It’s important for Cookie to maintain support above $0.15 and ideally form a consolidation range between the current level and the recent local high. This would signal strong market structure and allow momentum to build for the next leg higher.


The current price action shows early signs of a larger bullish trend in development. If Cookie manages to hold the current support and break above the VWAP and daily resistance, it could open the door for an extended rally toward previous highs and beyond.


Cookie is currently in a bullish phase, with clear technical confluence backing its recent bounce. A healthy correction here would reinforce the trend. Traders should watch for consolidation above $0.15 and a potential breakout above VWAP in the days ahead.