Recently, Binance launched a new coin called COW. Since its launch, the price trend of this coin has been showing a downward trend.

However, in terms of the current small-scale trend, it seems that the COW coin has completed the process of bottom formation and has clearly indicated the range of the bottom formation.

After recently hitting the bottom, it started a rebound. At this moment, the COW coin is testing the upward pressure of the breakout range. If this test can be successfully completed, it is expected that a relatively strong bullish wave will follow;

On the contrary, if this test fails, it is likely to continue to maintain a sideways consolidation within the current range.

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