Is It Too Late To Buy COW? CoW Protocol Price Surges 67% In A Week And This Might Be The Next Crypto To Explode
The CoW Protocol price surged 67% in the last week and 10% in the last 24 hours to trade at $1.138 as of 9:21 p.m. EST on trading volume that soared 35% to $187 million, according to CoinGecko. CoW Protocol Price On A Sustained Bullish Rally The CoW Protocol price Analysis on the 4-hour chart demonstrates a strong bullish trajectory in recent price action. The price of CoW Protocol successfully formed a rounding bottom pattern after a prolonged consolidation phase characterized by sideways movement around the $0.7 support zone. This classic bullish reversal pattern suggests continuing the upward trend once the breakout occurs. The breakout above $0.9, which coincides with the rounding bottom’s neckline, confirmed the pattern and led to a sharp rally towards $1.23, marking the current local high. The support at $0.7 (highlighted by the red zone) acted as a critical demand area, as evident from multiple rebounds off this level. Moreover, the 50-day Simple Moving Average (SMA)...
