🚀 $COW /USDT Technical Analysis 🚀
📊 Current Price: 0.8562
💹 24h Change: +26.40%
The COW/USDT pair has been showing strong bullish momentum recently, with significant upside potential. Let's take a look at the key targets for the next trading session:
🎯 Target 1: 0.8897
A major resistance level, marking the 24h high. If the price breaks through this level, we could see a surge towards the next target.
🎯 Target 2: 0.9250
If the momentum continues, this level could act as the next resistance point. It's a crucial area for traders to monitor for any possible retracements or continuation.
🎯 Target 3: 1.0000
A psychological level that could come into play if the upward momentum persists. Watch for a potential breakout above this key price point to solidify a bullish trend.
📉 Support Level: 0.5780
The recent 24h low is an important support level. A drop below this price could signal a shift in market sentiment, leading to further downside movement.
📈 Volume Analysis:
Strong trading volume of 114.16M COW suggests that the bullish move is backed by substantial market interest. Keep an eye on the volume for confirmation of trend strength.
🧠 Strategy:
Bullish: Look for a break above 0.8897 for confirmation of the next rally.
Bearish: Watch the support level at 0.5780 for a potential drop if price fails to sustain above 0.8562.
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