$COW /USDT Technical Update - Consolidating After a Rebound

Current Price: $0.7541 (+4.65%)

Key Highlights:

24H High: $0.7871

24H Low: $0.6838

Volume: 26.34M COW

Technical Overview:

$COW/USDT has shown a strong recovery from its 24H low of $0.6838, reaching a high of $0.7871 before facing resistance. The price is currently consolidating just below the 99 EMA ($0.7893), with support from the 7 EMA ($0.7576) and 25 EMA ($0.7428).

Support Levels: $0.7400 | $0.7200

Resistance Levels: $0.7700 | $0.7900

What’s Next?

If $COW can hold above $0.7500 and break $0.7700, it may attempt to retest $0.7900. Failure to sustain above $0.7500 could lead to a retracement toward $0.7400 or lower.

Strategy:

Consider entries near $0.7500-$0.7550 with targets at $0.7700 and $0.7900. Use a stop-loss at $0.7300 to manage risks.

Observation:

The recent recovery shows strength, but a confirmed break above $0.7900 with increased volume is essential to maintain upward momentum.

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