$COW has experienced a notable decline of 6.174% in the last 24 hours.
The price fluctuated between 0.2802 and 0.2595, currently resting near the support level of 0.2595.
Market sentiment remains undefined, indicating uncertainty among traders.
An RSI of 23.6 suggests that the asset is significantly oversold, which could attract bargain hunters.
If COW fails to hold the support, a further drop could be imminent, while a bounce from this level might initiate a retest of resistance at 0.2769.
Traders should stay alert for any significant news that may influence imminent price movements.
