Binance Futures Introduces New Perpetual Contracts for COOKIE/USDT, ALCH/USDT, and SWARMS/USDT

Binance Futures is introducing new perpetual contracts for three promising assets: COOKIE/USDT, ALCH/USDT, and SWARMS/USDT. These contracts allow traders to amplify their positions with up to 75x leverage on these assets.

As the contracts go live on Binance Futures, traders will be keeping a close eye on how these offerings affect the price movements and liquidity of Cookie DAO ($COOKIE), Alchemist AI ($ALCH), and Swarms ($SWARMS).

COOKIE Shows Bullish Momentum

COOKIE has been on a roll lately, notching up a 12.65% gain in just 24 hours. The price surged past the $0.60 mark, breaking out of its previous consolidation range between $0.55 and $0.58.

To put this in perspective, the market data also shows a solid 14.54% increase in its market cap, suggesting that investors are taking notice of the asset.

Now, let's zoom in on the critical support levels for COOKIE, which stand at $0.57 and $0.60. However, the coin is facing resistance at $0.65. A successful突破 above this level could lead to further gains, potentially reaching the $0.70 mark. The new futures contract is likely to increase trading activity and push the price past resistance.

ALCH Gains Momentum

Alchemist AI has also seen a notable gain of 17.76% in the past 24 hours, driven by a recent breakout above the $0.16 mark. This breakout, combined with a volume spike, suggests strong bullish momentum.

Incidentally, the market cap of ALCH stands at $156.9 million, supporting the price rise and providing further confidence to traders.

As the price nears $0.19, the next immediate resistance level, traders will be closely watching how it behaves at this point. If it clears the $0.20 mark, ALCH could see more upside potential.

However, if the price retraces, $0.16 remains a significant support level to watch for a potential rebound. The launch of the ALCH/USDT perpetual contract could lead to greater volatility, which may affect these key levels.