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The price of the CoW protocol has surged 47% in the past 24 hours, trading at $0.95 as of 2:24 AM ET, while trading volume has surged 607% to $466 million.
CoW Protocol Price Indicators Support Continued Rising
The 4-hour COW/USD chart shows an interesting combination of technical signals. Continued rapid rise Pricing of CoW Protocol It is attracting attention thanks to strong market momentum and a clear bullish formation.
From mid-November to early December you can see large round bottom patterns appearing. This pattern is a classic bullish reversal signal, indicating a gradual change from bearish to bullish.
According to data from , this pattern was completed with a significant break above resistance near $0.58, indicating further upside potential after completing the classic cup and handle pattern. gecko terminal.
After the breakout, CoW price went parabolic and soared to the current level of $0.95. This kind of sharp price action often signals extreme buying momentum, but it can also signal potential volatility ahead.
The price of CoW protocol is currently trading gracefully above the 50-day and 200-day simple moving averages (SMAs), which indicates continued upside and a bullish rally ahead.
Meanwhile, the Relative Strength Index (RSI) is at 74.39, well above the 70 threshold, indicating that the market is in overbought territory, meaning COW is currently overvalued.
The moving average convergence divergence (MACD) line (0.0978) is above the signal line (0.0671) and continues to rise, confirming strong bullish momentum.
COW Price Prediction
Considering current technical indicators and patterns, the outlook for COW/USD remains optimistic in the near term, but volatility requires caution. If the price breaks and closes above the $1.00 resistance, we could see further upside towards the next possible target of $1.20-$1.30.
However, given the overbought RSI and parabolic movement, a near-term pullback to $0.63 support is also possible.
Meanwhile, investors looking for new opportunities may also consider new meme coin ICOs. FLOCK.
According to 99Bitcoins, a popular cryptocurrency channel on YouTube with over 710,000 subscribers, $FLOCK has the potential to surge 100x after launch.
Flockerz pre-sale raises over $6.8 million
Flockerz is building a vote-to-revenue (V2) model that puts the community at the center of decision-making, and to date investors have backed it with $6.8 million.
The project aims to redefine decentralization through Flocktopia, a community-driven governance system. Unlike other projects where decisions are made by a select few, FLOCKERZ opens its governance to all token holders and actually pays for each vote they make with FLOCK tokens.
Everyone at Flocktopia is always here to lend a helping hand, whatever you need!
Even if it’s just a small amount of support. 💙💙 pic.twitter.com/b6zuvBbf41
— Flockerz (@FlockerzToken) December 15, 2024
In Flocktopia, decisions about the future of the project are made collaboratively by “The Flock”, a community of $FLOCK holders. Every member has a voice, making the platform a truly decentralized and inclusive environment.
In addition to V2E rewards, users can also earn passively through the platform’s staking mechanism, with returns as high as 411% per annum.
To participate in the pre-sale: You can purchase $FLOCK on the official website If you use BNB, ETH or USDT it is $0.0064265 per token. You can also make purchases using your bank card.
To secure the best deal, buy within 2 days before the price increases.
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