$COW

/USDT Technical Analysis: Key Targets & Market Movement

The COW/USDT pair has shown significant bullish momentum over the past 24 hours, with a +33.39% price increase, currently trading at $0.8941. Let’s break down the key technical levels to watch for further movements.

1. First Target: $0.9249

This level represents the 24-hour high, a crucial resistance point. If COW can maintain its current momentum, this level might serve as the next major resistance. A successful break above could signal continued bullish sentiment toward higher levels.

2. Second Target: $1.0500

Looking further ahead, $1.0500 is a psychological resistance level. This price could act as a strong barrier if the market remains bullish. A breakout here could pave the way for a more substantial price surge, especially as market sentiment continues to favor DeFi assets like COW.

3. Third Target: $1.1000

At $1.1000, we see a critical resistance point. A retest of this level would mark a significant achievement in the pair’s upward momentum. If COW manages to break through this resistance, we might see a surge toward even higher targets in the near future.

Support Levels:

$0.8500 is a crucial support zone, marking the recent low of the 15-minute chart.

$0.8000 is another support level to keep an eye on if the price faces any pullbacks.

Conclusion:

The COW/USDT pair is currently in a strong uptrend, but traders should watch these key levels closely. A break above $0.9249 could trigger more upside, while support around $0.8500 could provide a safety net for any potential dips.

Stay tuned for more updates and trade wisely!

Let me know if you'd like adjustments or more details added!