In the past four hours, COS/USDT has exhibited notable volatility, reflecting the broader cryptocurrency market's trends. Initially, COS experienced a surge in buying pressure, driving the price up by approximately 3%. This upward momentum was likely fueled by positive market sentiment and potential news impacting the COS ecosystem.However, this bullish phase was short-lived. The price met significant resistance at a key level, causing a reversal. A wave of selling pressure ensued, pulling the price down by nearly 2%. This pullback can be attributed to traders taking profits and some bearish signals emerging in technical indicators, such as the RSI moving into overbought territory.
