Detailed Analysis of $COW

1. Time and Price Context:

- Listing Date: November 6, 2024

- Starting Price: $0.2490

- All-Time High: $0.7729

- Current Price: $0.4164

- Support Level: $0.4095 (38.2% level)

- Target Resistance: $0.9270 (161.8% level)

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2. Price Movement and Support Analysis:

After reaching its peak of $0.7729, the price retraced and found strong support around $0.4095. This area marks a significant level, and holding above it suggests the potential for another upward push.

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3. Divergence Analysis:

- CCI (12, hlc3):

A bullish divergence is observed, where the indicator shows higher lows while the price forms lower lows.

This indicates weakening bearish momentum and a likely shift towards bullish activity.

Key Observations:

- The divergence strengthens the case for a reversal and upward momentum.

- The recent price action near $0.4095 suggests accumulation, and breaking higher would confirm bullish continuation.

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#### 4. Targets and Projections:

- Immediate Target: $0.55 - $0.60, a minor resistance zone

- Main Target: $0.9270, aligning with long-term bullish objectives

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Conclusion:

The bullish divergence and the ability to hold above $0.4095 highlight a strong potential for the price to rally towards $0.9270. The momentum is building, and the indicators support the continuation of this upward move, provided the key support levels are maintained.

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