Market Overview for CoW Protocol/USDC

Summary
• Price fell from 0.1994 to 0.1953 overnight before strong late buying lifted it back to 0.2029.
• A bullish engulfing pattern emerged near 0.2001 with increasing volume and turnover confirmation.
• RSI entered overbought territory, and Bollinger Bands widened, suggesting rising volatility.
• Volume surged above 50k at 0.2001, supporting a potential short-term breakout.

The COWUSDC pair opened at 0.1994 on 2025-12-14 at 12:00 ET, hitting a low of 0.1932 and a high of 0.2029 before closing at 0.2002 on 2025-12-15 at 12:00 ET. Total volume exceeded 50k at the breakout point, with turnover reaching 92 USDC-equivalent.

Structure & Formations

Price found a near-term support at 0.1953 and later formed a bullish engulfing pattern around 0.2001, confirming a possible reversal. A doji near 0.2008 also suggests indecision after a sharp rally.

MACD & RSI

The RSI reached overbought levels above 70, indicating potential exhaustion in the upward move. The MACD line crossed above the signal line during the late surge, suggesting a continuation of the bullish bias could follow.

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Bollinger Bands

Bands widened significantly during the late buying wave, indicating increased volatility. Price remained within the upper band for a short period, reinforcing the strength of the breakout attempt.

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Volume & Turnover

Volume spiked sharply above 50k around 0.2001, confirming the breakout. Turnover also surged during this period, aligning with price movement and supporting the validity of the bullish pattern.

Fibonacci Retracements

Price retested the 61.8% Fibonacci level at around 0.2001 during the late push, finding temporary support. A break above the 0.2029 high could target the 78.6% retracement level next.

Market participants may see further consolidation or a pullback in the next 24 hours, as overbought RSI levels often precede corrections. Investors should monitor volume behavior for signs of continuation or fading momentum.