🚨📉
$COW /USDT UNDER PRESSURE – CAN IT REVERSE FROM CURRENT LEVELS? 📉🚨
COW/USDT is facing a decline, currently trading at 0.4264 with a drop of 13.21% on the day. The pair has seen a dip from a high of 0.4995 and is now trying to find stability above its recent low at 0.4100.
Market Snapshot:
Current Price: 0.4264
24h High: 0.4995, marking a significant point of resistance.
24h Volume (COW): 110.95M, indicating active trading but leaning toward a bearish bias.
🚧 Levels to Watch:
1. Immediate Support: 0.4100 – A critical level to hold to prevent further downward movement.
2. First Recovery Target: 0.4489 – A move above this could signal a recovery attempt.
3. Second Target: 0.4669 – Regaining this level would reinforce a stronger bullish sentiment and attract buyers back into the market.
Outlook: If COW/USDT holds above the 0.4100 support, it could create a base for a recovery. A breach below this may open the path for more downside. On the flip side, breaking past 0.4489 could signal that bulls are regaining control.
💬 Community Insight: Watch for volume surges and buyer activity as COW approaches these critical support and resistance levels. Careful analysis and timing will be essential for traders looking to navigate the current volatility.
#Write2Earn! #CowCoin