💯$COW /USDT Technical Analysis: Bullish Momentum with Potential for Further Gains👑💯💧🔥
The $COW /USDT trading pair has been displaying strong bullish momentum, with a +12.13% price increase in the last 24 hours, currently trading at $0.8267. This surge has attracted attention from DeFi enthusiasts and traders, and with continued positive movement, COW may see further growth in the coming hours. Let's dive into the technical indicators, key levels, and price targets for this pair.
Price Overview
Current Price: $0.8267
24h High: $0.8563
24h Low: $0.7171
24h Volume (COW): 39.64M COW
24h Volume (USDT): 31.31M USDT
/USDT has experienced notable fluctuations, rising from the 24h low of $0.7171 to its 24h high of $0.8563. Despite some volatility, the price is holding strong near the $0.8267 level, indicating that buyers are maintaining control.
Key Technical Indicators
MA(7): $0.8235
MA(25): $0.8228
MA(99): $0.8231
The short-term moving averages (7-period MA at $0.8235 and 25-period MA at $0.8228) are closely aligned with the current price, suggesting a stable upward trend. The 99-period MA ($0.8231) reinforces this neutral to mildly bullish sentiment, indicating the market has strong support near the current price range.
Market Depth and Liquidity
Market depth shows consistent buying activity, and the price is maintaining near $0.8267, reflecting a balanced buy/sell order flow. There are some sell orders near $0.8563, which aligns with the 24h high and represents an immediate resistance level.
Key Support and Resistance Levels
Immediate Resistance: $0.8563 (24h High)
Support Zone: $0.8193 (near MA levels)
Target Price Forecast
1. Short-term Target: $0.85
If COW/USDT successfully breaks above $0.8563, the next key target lies at the $0.85 level. A close above this resistance would indicate further bullish movement, pushing prices even higher.
2. Mid-term Target: $0.90
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