$COW /USDT – Bearish Momentum Testing Key Support!
$COW is trading at $0.4238, down -11.87% in the past 24 hours, signaling strong bearish pressure. Price action has slipped from a 24h high of $0.4840 to a low of $0.4151, with trading volume at 19.77M COW (~$8.95M USDT), reflecting heightened activity during the decline. Current market depth shows resistance stacking at $0.4489–0.4710, while support lies near $0.3878–$0.4048, with the key level at $0.4239 now being retested. If this level fails, COW could drop further toward $0.3827. However, a bounce could trigger a relief rally back to $0.4489. Monitor short-term timeframes (15m/1h) closely for volatility patterns.
Pro Tip: Avoid chasing entries. Let price stabilize above $0.4269 before considering a scalp long.
