COW just jumped +55% in 24 hours.
But hereâs the strange part: thereâs no obvious major catalyst behind the move.
After losing roughly 58% over the past 2.5 months and dropping near $0.099, COW has now bounced back toward $0.16.
đ +55% in 24H
đ -58% prior selloff
đ„ RSI: 76.7 â heavily overbought
đŻ R1 Resistance: ~$0.20
And this creates a very interesting setup.
COW is showing explosive momentum while the broader market remains cautious.
No major partnership.
No obvious tokenomics catalyst.
No clear fundamental event.
So what are we actually watching?
A genuine trend reversal â or a momentum trap after a brutal selloff?
The real signal isnât the +55%.
Itâs what COW does after the first wave of FOMO fades.
If it holds the breakout and pushes through ~$0.20, the story could change quickly.
But if momentum disappears and price falls back below key support, this could turn int
o
a classic bull trap. đ
Bull trap or the start of something bigger?