The current Cow price is $0.28, and the price has been fluctuating within a range for over half a month. From a short-term structural analysis, after forming a wedge shape at a high position, the price experienced about five consecutive days of decline until it reached the lower edge of the fluctuation range, where it stopped falling and rebounded. The lower edge of this range formed a strong support level, effectively curbing further downward movement in price.

As selling pressure gradually releases, the Cow price has rapidly rebounded, showing significant upward momentum in the short term. Technical indicators show that the MACD is in a low-level golden cross state, but the price is about to face a short-term resistance level at $0.29. If it can successfully break through, the next target will point to the upper edge of the range at $0.32. Only by breaking through the key resistance level of $0.32 can the market hope to welcome a substantial breakthrough, opening up greater upward potential.