Small Altcoin Just Entered the ‘Decision Zone’—Massive Move Incoming?

Crypto analyst Altcoin Sherpa has identified COOKIE as one of several altcoins currently hovering at critical price levels, with potential for either a weak rebound or a more substantial breakout.

He highlights $0.2193 (the 0.5 retracement level) as a pivotal zone. In his tweet, Sherpa notes that the asset has already posted a lower high, suggesting the recent bounce might have been short-lived.

However, he also leaves room for the possibility of a more significant rally—though still potentially forming a lower high structure.

The dual path projection—green for bullish continuation and red for bearish rejection—shows two possible scenarios:

• Bullish Path: A rebound from the 0.5–0.618 zone could ignite upward momentum toward resistance near $0.30 and potentially beyond.
• Bearish Path: Failure to hold this support may trigger a drop toward the 0.618 ($0.1842) or even the 0.786 retracement level ($0.1342).

Sherpa underscores that COOKIE‘s direction will largely depend on Bitcoin’s broader market behavior, stating: “Really going to be dependent on BTC imo.”

With volume slightly increasing and the price testing a key demand zone, traders are watching closely to see if $COOKIE will confirm this as a launchpad—or break down further.

Key Levels to Watch:

• Support: $0.2193 (0.5 fib), $0.1842 (0.618 fib)
• Resistance: $0.2544 (0.382 fib), $0.2978 (0.236 fib)

As BTC sets the tone, altcoins like COOKIE remain vulnerable to swift sentiment shifts—making this a decisive moment for speculative plays.