In the past four hours, COS/USDT has exhibited notable volatility, reflecting the broader cryptocurrency market's trends. Initially, COS experienced a surge in buying pressure, driving the price up by approximately 3%. This upward momentum was likely fueled by positive market sentiment and potential news impacting the COS ecosystem.However, this bullish phase was short-lived. The price met significant resistance at a key level, causing a reversal. A wave of selling pressure ensued, pulling the price down by nearly 2%. This pullback can be attributed to traders taking profits and some bearish signals emerging in technical indicators, such as the RSI moving into overbought territory.Looking ahead, it is crucial to monitor the support level around the 1-hour moving average. If this level holds, we might see a consolidation phase, offering a potential entry point for new buyers. Conversely, a break below this support could signal further downside.Overall, COS/USDT's performance in the last four hours underscores the importance of staying vigilant and responsive to market dynamics, especially in such a volatile environment. Traders should keep an eye on volume trends and key support and resistance levels to navigate the next moves effectively.

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