🚀 Analysis and forecast for $COW : is it time to exit? 📈
As of May 20, 2025, 09:32 EEST, the price of $COW on Binance is $0.419, with a 23% increase over the last 24 hours. The trading volume for the day has risen to $18M, and the market capitalization has reached $41.9M, reflecting increased investor interest. Such a jump may be associated with positive news around CoW Protocol and the overall growth of the DeFi market.
Technically, $COW shows bullish momentum. On the 4-hour chart, the price has broken through resistance at $0.40 and has settled above the 50-day moving average ($0.38), which serves as support. The 200-day SMA ($0.35) confirms the long-term upward trend. However, the RSI (14) at 74 signals overbought conditions, increasing the risk of a correction. The nearest resistance is at $0.45, and support is at $0.40. A breakout above $0.45 could open the way to $0.50, but a drop below $0.40 would increase pressure towards $0.37.
Forecast: in the short term (by the end of May), COW may correct to $0.38–$0.40 due to overbought conditions, but will maintain growth potential to $0.55 by July 2025 with support from volumes. The long-term target for 2026 is $0.80, if the project continues to develop its solutions in DeFi. Increased market activity supports an optimistic scenario.
Is it time to exit? The current price of $0.419 looks overvalued after a 23% rise. It is recommended to take some profits, especially if the target of $0.45 is reached. Set a stop-loss at $0.40 to protect against a correction. For long-term investors, it is advisable to hold the position with a target of $0.50. Keep an eye on news and volumes! #COW #Binance #CryptoAnalysis
