COWUSDT what will be next move ? | Ali Baloch
Based on the chart, here is a quick analysis for the next move:
Uptrend Continuation: The price shows strong upward momentum, confirmed by a significant bullish movement above both the yellow (likely 50 MA) and red (likely 200 MA) moving averages. If it sustains above the support (around $0.83-$0.85), the price may retest the $1.0419 resistance level.Pullback Possibility: If the price struggles at the current level and volume declines, a short-term pullback to the yellow moving average (support) or $0.83 may occur.MACD and RSI Indicators: MACD shows a recent cross but is flattening, signaling a potential loss of momentum. RSI is near overbought, suggesting caution for further upward moves.
Short-term Prediction: The price may consolidate or pull back slightly before another attempt to break the $1.04 resistance. If support holds above $0.83, bulls can drive it higher; otherwise, a correction toward $0.75 or $0.68 might occur.
$COW