COW tokens experienced a thrilling roller-coaster trading pattern within 24 hours—surging by more than 55% at one point during the session, then quickly falling back. As of now, a significant retracement has appeared from the earlier high. This round of extreme volatility is mainly attributable to concentrated profit-taking by holders who accumulated tokens at lower prices in the prior period, along with large-scale selling by short-term speculative capital at the high end. Meanwhile, after BTC and ETH—the market’s leaders—hit key resistance levels, their upward movement stalled, and the market’s overall risk-averse sentiment intensified further, increasing downward pressure on COW and causing the bulls’ momentum to quickly fade.
From a technical perspective, after COW surged and then pulled back, the 1-hour moving average system has already formed a clear bearish pressure. In the near term, it is highly likely to continue moving downward to search for support, with the trend remaining bearish📉. However, as COW’s price has dropped sharply, its risk premium relative to BTC and ETH has also been effectively released. If the timeframe is extended to the long term, as the CoW Protocol continues building and rolling out its ecosystem in the DeFi space, its underlying value will gradually become more apparent. Therefore, for investors with patience, the sharp pullback in COW may be gradually developing the potential for staged, left-side positioning. The long-term trend can still be cautiously viewed as bullish📈.#COW24小时上涨55.77%
$COW
$BTC
$ETH
From a technical perspective, after COW surged and then pulled back, the 1-hour moving average system has already formed a clear bearish pressure. In the near term, it is highly likely to continue moving downward to search for support, with the trend remaining bearish📉. However, as COW’s price has dropped sharply, its risk premium relative to BTC and ETH has also been effectively released. If the timeframe is extended to the long term, as the CoW Protocol continues building and rolling out its ecosystem in the DeFi space, its underlying value will gradually become more apparent. Therefore, for investors with patience, the sharp pullback in COW may be gradually developing the potential for staged, left-side positioning. The long-term trend can still be cautiously viewed as bullish📈.#COW24小时上涨55.77%
$COW
$BTC
$ETH