COW Token Surges 22% as Bullish Signals and dApp Activity Drive $14.9M Trading Volume

COWUSDT experienced a significant price increase in the last 24 hours, with the Binance price rising 22.47% from 0.3587 to 0.4393 USDT. This upward movement can be attributed to strong bullish technical signals, including the 50-day simple moving average crossing above the 200-day average and a high relative strength index of 75, indicating strong buying momentum. Recent analyses highlighted the token breaking resistance levels and suggested long positions, further supporting positive sentiment. Additionally, increased activity in Ethereum-based dApps, including CoW Protocol, and substantial trading volumes across major exchanges contributed to heightened market interest.

Currently, COWUSDT is trading at 0.4393 USDT on Binance with a 24-hour trading volume of $14.92 million and a market capitalization around $180.59 million, reflecting robust market activity and notable price volatility over the past day.