Cookie DAO Price Prediction: What to Expect After Binance News?
COOKIE Token Surges Over 59% Ahead of Binance Listing
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.
Market Metrics: Trading Volume and Open Interest Soar
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.
Liquidation Breakdown
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.
Cookie DAO Price Prediction: What Next?
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.
