$COW

COW/USDT Technical Analysis – 3 Targets 🎯

Current Price: $0.6227 (-11.03%)

24H High/Low: $0.7153 / $0.6225

Trading Volume: 47.81M COW (~$31.98M USDT)

📊Analysis Overview

COW/USDT has seen a sharp -11.03% drop in the last 24 hours, pulling back from the 24-hour high of $0.7153. Despite the recent decline, there are still key levels to watch as the price trades near its low.

1. Parabolic SAR: At $0.6524, indicating potential resistance if the price rises above this level.

2. Support and Resistance Levels:

Immediate Support: $0.6225 (24-hour low), which could act as a short-term support level.

Resistance 1: $0.6524 (SAR level), acting as resistance on any upward movement.

Resistance 2: $0.7153 (24-hour high), a significant level to break for bullish momentum.

3. Indicators:

MACD: Currently showing bearish momentum, suggesting that the downtrend might continue unless momentum shifts.

Bollinger Bands: Price approaching the lower band, indicating oversold conditions and potential for a rebound.

🎯 Targets for COW/USDT

1. Target 1 – $0.6524: A reasonable short-term target, aligned with the SAR level, where the price may face resistance before moving higher.

2. Target 2 – $0.6487: A nearby resistance level that could signal a reversal if the price begins to recover.

3. Target 3 – $0.7153: The 24-hour high, a key level for a possible breakout if the price manages to reclaim previous highs.

⚠️Recommendation

Bullish Case: A rebound off $0.6225 could lead to a test of $0.6524 and potentially $0.7153 if strong volume and momentum support the move.

Bearish Case: If the price fails to hold above $0.6225, further downside could bring the price toward $0.594

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