CoW Protocol (COW/USD) Shows Cautious Optimism Amid Failed Breakout Attempt

The CoW Protocol (COW/USD) market displayed a burst of bullish momentum earlier in today’s trading session, signaling a short-term optimistic sentiment. During the initial hours, strong buying pressure propelled the price above the critical resistance at the $0.40 level, reaching an intraday high of approximately $0.424.

However, the bullish advance was short-lived. As the price approached the $0.424 zone, market caution set in, prompting a wave of profit-taking and a subsequent pullback. This correction drove the price back below the $0.40 mark, suggesting that bulls were unable to flip this resistance into a solid support level.