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COW/USDT BREAKOUT – Is a Major Bullish Move Incoming?
COW/USDT is showing significant strength after a prolonged period of consolidation, and the recent price action is sending a strong bullish signal that traders should not ignore.
Over the past few months, COW has been forming a classic inverse head and shoulders pattern—a well-known bullish reversal setup. This pattern is often seen at the bottom of a downtrend and signals a potential trend reversal to the upside. On the chart, we can clearly see three distinct lows: the left shoulder, a deeper head, and a higher low forming the right shoulder. The horizontal resistance zone (neckline) around the $0.40 mark was tested multiple times, creating strong price memory in this area.
Today, we witnessed a clean breakout above this neckline, with price surging to $0.4061—marking a +19% gain on the day and accompanied by strong volume (over 76 million USDT in 24h volume). This kind of breakout, especially after such a clear accumulation phase, often leads to a continuation move in the coming days and weeks.
Why This Matters:
Technical Breakout: The neckline has held as resistance for several months. A breakout here is a shift in market sentiment.
Volume Confirmation: Volume is significantly higher, showing strong buyer interest and confirming the breakout’s validity.
Pattern Implication: The inverse head and shoulders pattern typically results in a sharp upward move once confirmed.
What’s Next? If COW can hold above the $0.40-$0.41 zone and flip it into support, the next upside targets could range from $0.50 to $0.60 in the short term, and potentially much higher if momentum continues. Traders may also watch for a retest of the breakout zone as a potential entry point for low-risk long positions.
Key Levels to Watch:
Support: $0.40 (neckline), $0.37 (recent swing low)
Resistance: $0.50, then $0.60
Volume trend: Must remain strong for rally continuation
This is a textbook breakout scenario with favorable risk-to-reward. Always manage your risk and stay updated as the market develops, but COW/USDT may have just entered a new bullish phase.
Stay sharp and ride the trend!
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