COW - -39.03% in 24 Hours Amid Sharp Corrections

On SEP 3 2025, COW dropped by 39.03% within 24 hours to reach $0.339, COW dropped by 264.08% within 7 days, dropped by 180.53% within 1 month, and dropped by 6275.26% within 1 year.

The token’s recent performance has reflected a sharp decline in investor sentiment and liquidity. The 24-hour drop of nearly 39% followed a period of heightened volatility, with the 7-day return showing a loss of more than 264%. This movement has sparked renewed attention from the crypto analysis community, particularly in light of COW’s previously stable technical indicators.

Technical analysts have pointed to bearish divergences forming in the RSI and MACD indicators, signaling potential continuation of downward momentum. The RSI crossed below the 30 threshold, suggesting oversold conditions, while the MACD histogram has shown a series of shrinking bearish divergences. These readings align with a broader sell-off observed in the market, though they do not necessarily confirm a long-term reversal pattern at this stage.

Backtest Hypothesis

A proposed trading strategy aims to evaluate the effectiveness of a sell signal generated by the combination of RSI oversold conditions and a bearish MACD crossover. The backtest would simulate entering short positions when RSI dips below 30 and the MACD line crosses below the signal line, with exits triggered when RSI rises above 40 or a 10% stop-loss is reached. The strategy would also incorporate a time filter, considering only trades initiated during confirmed downtrends as defined by a 50-period EMA crossover. This approach seeks to isolate high-probability sell opportunities within a clearly defined bearish context, using only technical levels to avoid reliance on external market events or news.