The Trust Layer for Market Analysts

The analyst discusses Cookie DAO, currently priced at $0.125, up 3% on the day. He examines the daily timeframe, noting the possibility that the current level might be the low. However, he anticipates a further drop to $0.10-$0.08, with a potential rise to $0.13 before declining again. Cookie DAO showing a decent $19.9M volume. Using a Fibonacci extension from a swing high to the low, the price sits at the golden ratio. He anticipates lower prices around the $0.10 - $0.08 mark. Alternatively, a daily close above $0.1664 would invalidate his bearish view, but, looking the weekly time-frame a close above $0.138 before the end of the current week would be a good indicator that $0.124 is the low. He draws descending channels to the $0.05 level as potential future support. The analysis also suggests a broader scope of consolidation from April followed by a price target with new all-time highs potentially at about $3.69 until the end of October. However, it also mentions the negative outlook based on the dayly relative strength index, and the Stochastic.