COWUSDT Next Move & Market moment
Based on the chart:
1. Market Sentiment:
The price has been in an uptrend with higher highs and higher lows, but it's currently pulling back after hitting resistance around the $1.04 zone.
The RSI at the bottom shows it's close to the oversold region (38.01), indicating a weakening momentum in the short term, but it could bounce if buyers step in.
2. Key Levels:
Resistance: $1.03 - $1.04 zone, acting as a strong barrier.
Support Levels:
Immediate support at $0.97.
Stronger support at $0.93 and $0.90.
3. Potential Next Move:
If the price holds the $0.97 support, a rebound towards $1.03 could occur.
Breaking below $0.97 could lead to further downside toward $0.93 or $0.90.
Watch for volume spikes and RSI movements for confirmation of direction.
#COW🌟🌟🌟 $COW
