From the provided chart of COW/USDT on the 1D timeframe:
Recent Trend: The price is stabilizing after a sharp decline from a peak (long wick). It is attempting a minor recovery, indicated by the small green candles.
RSI: The RSI is at the lower end, showing potential oversold conditions but not yet a strong reversal signal.
Prediction: The next move could be a test of immediate resistance around $0.40 or a consolidation between $0.35 and $0.40. A decisive breakout above $0.40 could signal bullish momentum.
Confirmation with more indicators or higher timeframes is recommended for a stronger prediction.
