🚨 $COW /USDT: Consolidation Near $0.9973 – A Major Breakout Ahead? 🚨
$COW /USDT is currently trading at $0.9973, maintaining strong gains after its massive rally from a low of $0.6360. The price touched a 24-hour high of $1.0376 and is now consolidating just below this resistance. The bulls appear to be regrouping, with a breakout above $1.0376 likely triggering another upward move toward short-term targets at $1.0500 and $1.0577.
The RSI at 70.4 indicates slightly overbought conditions, suggesting traders should watch for a potential pullback to support at $0.9104 before another surge. Meanwhile, the MACD remains bullish despite signs of weakening momentum, signaling a pause rather than a reversal.
Traders can consider entries near the current price with a stop-loss at $0.9700 to manage risk, while closely monitoring volume spikes for confirmation of a breakout. This consolidation phase could be the calm before the next storm, so keep a close eye on COW’s next move.