Market Overview for CoW Protocol/USDC

Summary
• Price tested key resistance near 0.198–0.199, with a bullish breakout at 0.2003–0.2008.
• Volume surged in late AM ET with strong confirmation of upward momentum.
• RSI and MACD suggest overbought conditions may persist into the next 24 hours.

24-Hour Snapshot

CoW Protocol/USDC (COWUSDC) opened at 0.1967 on 2025-12-19 at 12:00 ET, reached a high of 0.2008, a low of 0.1933, and closed at 0.2008 on 2025-12-20 at 12:00 ET. Total volume was 374,652, with a notional turnover of $75,380,679 (assuming USDC = $1).

Structure & Key Levels

Price broke through a prior 5-min high of 0.1981 and extended to a new swing high of 0.2008, forming a bullish breakout pattern. The 0.1973 level acted as dynamic support multiple times, while 0.1933 functioned as a key floor before the rebound. A 61.8% Fibonacci retracement level from the 0.1933–0.2008 move aligns near 0.1962–0.1964, offering a potential near-term support zone on a pullback.

Trend and Momentum

The 5-min 20-period and 50-period moving averages both crossed to the upside, confirming a short-term bullish trend. MACD crossed above zero and showed positive divergence in the final hours of the 24-hour window, aligning with the price breakout. RSI reached levels above 70, signaling potential overbought conditions.

Volatility and Volume

Bollinger Bands expanded in the early morning hours, reflecting rising volatility. The final hour before close saw a sharp increase in volume and price, with a large candle forming between 0.2003 and 0.2008. This suggests strong institutional or algorithmic buying pressure. Turnover spiked during this period, confirming the move rather than showing signs of exhaustion.

Outlook and Risk

COWUSDC appears to have established a short-term bullish momentum off the 0.1933–0.2008 swing range. A retest of the 0.2003–0.2008 highs could be expected in the next 24 hours, with potential pullbacks to the 0.1962–0.1964 zone. Traders should monitor for a potential overbought RSI divergence or a breakdown below the 0.1962 level as early signs of a reversal.