📈 Technical Analysis for $COW

/USDT on Binance

🚀 Current Price: $0.9897

📊 Daily Performance: +5.19%

The COW/USDT trading pair is showing a strong recovery with a 24-hour price range of $0.8958 (low) to $1.0443 (high). With a solid daily trading volume of 36.80M COW, the market exhibits significant liquidity and trading interest. Here's our technical breakdown and targets:

Support & Resistance Levels

Support: $0.8958 (Key support zone; buyers historically step in here)

Resistance 1: $1.0443 (24h high; first hurdle for bulls to break)

Resistance 2: $1.1000 (psychological barrier; next breakout level)

Technical Indicators

1️⃣ RSI (Relative Strength Index): Near overbought zone, signaling strong bullish momentum.

2️⃣ MACD (Moving Average Convergence Divergence): Positive crossover on the 1D chart, confirming upward momentum.

3️⃣ Volume: Increasing buy volume, indicating strong demand and interest.

🎯 Price Targets

1. Target 1: $1.0443 (Short-term breakout; minor resistance)

Likely achievable in the next 1-2 sessions if volume sustains.

2. Target 2: $1.1000 (Medium-term target)

If bulls maintain momentum, this level could act as the next resistance.

3. Target 3: $1.2000 (Long-term target)

Potential upside if the market sustains higher lows and bullish sentiment continues.

📌 Key Insights:

Watch for a clean break above $1.0443 to confirm bullish continuation.

A pullback to $0.9500–$0.9000 could offer a good buying opportunity.

Keep an eye on volume and RSI to track overbought conditions.

Happy Trading! 🚀

This is not financial advice; always do your own research.