🚨$COW COW/USDT: -0.99% Consolidation – Bounce or More Decline Ahead? 🚨
$COW is trading at $0.3706, showing minor losses after a massive spike to $0.7729 earlier. The price has retraced significantly, consolidating near key levels. Let’s evaluate the next possible moves:
💡 Key Levels to Watch:
Resistance: $0.4149 – A breakout here could push toward $0.5000, marking a recovery attempt.
Support: $0.3534 – Holding this level is crucial to avoid further downside toward $0.3000.
📈 Bullish Scenario:
If manages to break above $0.4149 with strong volume, it could rally back toward $0.5000 and potentially retest the highs at $0.6000.
📉 Bearish Risk:
Failure to maintain $0.3534 support might result in a further drop to $0.3000, offering a lower re-entry point for buyers.
⚠️ Pro Tip:
Monitor volume for confirmation of a breakout or breakdown, and use tight stop-loss levels in this volatile market.
What’s your next move for $COW—buy the dip or wait for confirmation? Let’s keep an eye on the charts!