Analyzing the COW/USDT chart on the 15-minute timeframe, here’s a breakdown and possible next moves:
Key Observations:
Current Price:
Trading at 0.9384 USDT, with a 48% gain.
The price is showing signs of consolidation near the recent highs.
Key Levels:
Resistance:
0.9523 USDT (highlighted in yellow): A strong resistance point where the price has been rejected multiple times.
1.0344 USDT: A higher resistance from the recent rally peak.
Support:
0.7985–0.7543 USDT: Major support zones to watch if the price pulls back.
Moving Averages (MA):
Yellow Line (MA-50): Acting as dynamic support but is currently being tested. If the price breaks below it, further downside may occur.
Red Line (MA-200): Lies near 0.75 USDT, which serves as stronger support in a deeper pullback scenario.
Volume:
The volume decreased during this consolidation phase, suggesting a pause in momentum. A spike in volume will determine the next breakout direction.
MACD (Momentum Indicator):
The MACD line is crossing below the signal line, signaling weakening bullish momentum. A bearish crossover may lead to a short-term correction.
Potential Next Moves:
Bullish Scenario:
If 0.9523 USDT is broken with strong volume, the price could retest the next resistance near 1.0344 USDT.
Watch for a volume surge and RSI recovery above the 50–60 zone for confirmation.
Bearish Scenario:
If the price fails to hold the 0.9384 USDT support and breaks below the MA-50, it may pull back to:
0.85–0.80 USDT (first support zone).
0.75 USDT (key MA-200 support).
Short-Term Strategy:
Long Entry: Wait for a breakout above 0.9523 USDT with rising volume.
Short Entry: A breakdown below 0.9384 USDT and the yellow MA-50 could target lower support levels.
Keep an eye on volume and MACD crossover for confirmation.
