📊 Complete Technical Analysis
COOKIE/USDT has been forming a classic Descending Triangle since February 2025, indicating prolonged market consolidation. Sellers have been pushing the price down gradually (lower highs), but buyers have strongly defended the horizontal support around $0.16–$0.18.
Now, the price is testing the upper boundary of this structure, signaling a potential explosive breakout.
🔍 Pattern Breakdown
Pattern Name: Descending Triangle
Key Traits:
Lower highs compressing price action
Strong horizontal support zone holding steady
Typically a continuation pattern, but in this case, it can act as a reversal signal if breakout occurs to the upside
Formation Duration: ±6 months
Breakout Confirmation: A daily candle close above ~$0.22 with strong bullish volume
🚀 Bullish Scenario (Upside Breakout)
If COOKIE/USDT successfully breaks above the triangle resistance, here are the potential bullish targets:
Target Price Reason
🎯 Target 1 $0.259 Local resistance zone
🎯 Target 2 $0.299 Key breakout confirmation
🎯 Target 3 $0.407 Measured move from triangle height
🎯 Target 4 $0.626 – $0.700 Historical resistance range
🏁 Final Target $0.842 (ATH Zone) If bullish sentiment fuels momentum
✅ Volume confirmation is crucial. A breakout without strong volume might signal a fakeout.
🛑 Bearish Scenario (Rejection or Breakdown)
On the flip side:
❌ If the price fails to break the triangle resistance (~$0.22) and gets rejected again, we could see a retest of:
Support zone around $0.18
A breakdown below this level could drive the price toward:
$0.140
$0.120
Possibly as low as $0.095 – $0.075 if sentiment worsens
❗ Be cautious of fake breakouts or bear traps near key levels.
📚 Summary & Insights
> The current descending triangle is a textbook setup of “compression under pressure.” If the structure breaks upward with conviction, COOKIE/USDT may enter a powerful bullish trend after months of consolidation.
This setup is ideal for swing traders, breakout traders, or early trend investors seeking solid entries before momentum accelerates.
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✅ Twitter: twitter.com/crypto_nuclear
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.