$COW spiked to $0.3286 but was sharply rejected near the $0.3050 resistance zone. A clear lower high and a strong breakdown candle have now appeared on the 1H chart, indicating that sellers are stepping in and momentum is shifting bearish.

Repeated failures to hold above $0.3050 confirm weakening bullish pressure, making this a prime short opportunity with a clean risk-reward profile. If price loses $0.2970 with volume, expect acceleration toward lower targets.