In the last 24 hours, COW has surged over 23% to reach 0.46 USD. This price increase was accompanied by a trading volume of 150 million USD, indicating strong interest among traders.
Around 70% of traders are currently making profits, raising questions about whether this rally can be sustained. The breakout from a bearish trend suggests potential bullish momentum.
Liquidity issues may impact COW’s price. Short positions are developing significantly around 0.45 USD, which could hinder further gains despite the positive price action.
Leave a Reply