COWUSDT Next Move

Analyzing the COW/USDT chart on the 15-minute timeframe, here’s a breakdown and possible next moves:

Key Observations:

Current Price:

Trading at 0.9362 USDT, with a 47.7% gain.

The price is showing signs of consolidation near the recent highs.

Key Levels:

Resistance:

0.9523 USDT (highlighted in yellow): A strong resistance point where the price has been rejected multiple times.

1.0344 USDT: A higher resistance from the recent rally peak.

Support:

0.7985–0.7543 USDT: Major support zones to watch if the price pulls back.

Moving Averages (MA):

Yellow Line (MA-50): Acting as dynamic support but is currently being tested. If the price breaks below it, further downside may occur.

Red Line (MA-200): Lies near 0.75 USDT, which serves as stronger support in a deeper pullback scenario.

Volume:

The volume decreased during this consolidation phase, suggesting a pause in momentum. A spike in volume will determine the next breakout direction.

MACD (Momentum Indicator):

The MACD line is crossing below the signal line, signaling weakening bullish momentum. A bearish crossover may lead to a short-term correction.

Potential Next Moves:

Bullish Scenario:

If 0.9523 USDT is broken with strong volume, the price could retest the next resistance near 1.0344 USDT.

Watch for a volume surge and RSI recovery above the 50–60 zone for confirmation.

Bearish Scenario:

If the price fails to hold the 0.9362 USDT support and breaks below the MA-50, it may pull back to:

0.85–0.80 USDT (first support zone).

0.75 USDT (key MA-200 support)

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