CoW Protocol (COWUSDT) Market Overview: July 15, 2025

Summary
• Price dropped 2.8% from $0.3735 to $0.3505 overnight, forming critical support at $0.35.
• A 253,231-unit volume spike at $0.3607 marked resistance during the recovery attempt.
• RSI dipped to 29 (oversold), while MACD shows bearish momentum contraction.

Market Overview

CoW Protocol (COWUSDT) closed at $0.3676 as of 12:00 ET today, down from an open of $0.3711 (12:00 ET yesterday). The 24-hour trading session recorded a high of $0.3735, low of $0.3505, and total volume of 2,277,559 units, with total turnover exceeding $32,000 USD.

Structure & Formations

The overnight drop to $0.3505 created a clear support level, while resistance formed at $0.3607–$0.3630 from failed recovery attempts. A bearish gap between $0.3688 (July 14 close) and $0.3585 (July 15 open) suggests sellers dominate short-term sentiment. No major candlestick patterns (e.g., engulfing) emerged, though a doji near $0.3620 hinted at hesitation.

Moving Averages

On the 15-minute chart, price remains below both the 20-EMA ($0.3650) and 50-EMA ($0.3665), reinforcing the downtrend. Daily charts (not shown) likely show the 50- and 100-day MAs converging near $0.3680, acting as dynamic resistance.

MACD & RSI

MACD remains in bearish territory, with the line (-0.003) below its signal (-0.005), signaling fading momentum. RSI at 29 (oversold) suggests a rebound could occur, though momentum lacks confirmation from volume.

Bollinger Bands

Price briefly touched the lower band ($0.3505) before rebounding to $0.3620, indicating volatility contraction. The upper band at $0.3700 highlights resistance, while the midline ($0.3625) acts as neutral support.

Volume & Turnover

Volume surged to 253,231 units during the $0.3607 resistance test, but subsequent declines saw volume halve, signaling weak buyer interest. Turnover peaked at $120k during the overnight crash but fell to $6k in quiet sessions, highlighting liquidity gaps.

Fibonacci Retracements

A 38.2% retracement ($0.3620) and 61.8% ($0.3670) of the $0.3505–$0.3735 swing mark critical levels. A bounce off $0.3620 failed, increasing the likelihood of a test of $0.3500 support.

Outlook & Risk

COWUSDT may face further downside toward $0.3500 if sellers dominate, but a sustained close above $0.3620 could signal a rebound. Investors should monitor volume for confirmation—weak turnover below $100k suggests low conviction. High volatility persists, so stop-loss placement near $0.3450 is advised for short-term positions.