Market Overview for CoW Protocol/USDC (COWUSDC) as of 2026-01-16 12:00 ET

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Friday, Jan 16, 2026 2:49 am ET2min read
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Aime RobotAime Summary

- COWUSDC broke below 0.2440 support, hitting 24-hour low of 0.2401 amid bearish engulfing patterns and declining RSI/volume.

- Price consolidated near 0.2429 after trading below Bollinger Bands, with 200-period MA at 0.2453 signaling potential retest.

- Overnight sell-off saw 23,559.7 volume spike at 04:00 ET, but waning volume suggests bearish momentum exhaustion.

- Key resistance at 0.2445 (38.2% Fibonacci) and 0.2461 (61.8%) remains critical for potential reversal confirmation.

Summary
• Price action formed key support near 0.2418 and broke below the 0.2445–0.2455 resistance cluster.
• Momentum weakened with RSI below 30 and volume declining after the sharp drop post 19:00 ET.
• Volatility expanded sharply overnight as price fell below 0.2440 and hit a 24-hour low of 0.2401.
• A bullish engulfing pattern emerged at 0.2442–0.2453, but failed to hold as volume waned.
• Turnover spiked during the 04:45 ET–05:15 ET dip, suggesting accumulation near key support.

CoW Protocol/USDC (COWUSDC) opened at 0.2483 on 2026-01-15 12:00 ET, reached a high of 0.2492, and a low of 0.2401 before closing at 0.2429 on 2026-01-16 12:00 ET. Total 24-hour volume was 219,600.5, with a notional turnover of 54,081.02 USDC.

Structure & Formations


The pair tested the 0.2445–0.2455 level multiple times without breaking it during the day, but failed to hold following a sharp decline overnight. A strong bearish engulfing pattern formed between 0.2442 and 0.2453 as the market moved below key support into the early hours of 2026-01-16. The 0.2418 level held as a short-term floor, with a consolidation forming in the 0.2424–0.2436 range in the morning.

Moving Averages


On the 5-minute chart, the 20 and 50-period moving averages trended downward after the 04:00 ET low, confirming the bearish momentum. Daily moving averages show the 50-period line at 0.2442 and 100-period at 0.2446, both close to the 2026-01-16 low. The 200-period MA sits at 0.2453, suggesting that a retest of this level could trigger a reversal.

MACD & RSI



The 12:00 ET close saw an RSI at 26, confirming oversold conditions, while the MACD crossed below the signal line during the sharp overnight sell-off. The negative divergence in the RSI suggests the market could consolidate or bounce from current levels.

Bollinger Bands


Price traded outside the lower Bollinger Band for most of the night, reaching as low as 0.2401 before consolidating near the 0.2429 level. A contraction is forming in the morning, which may precede a directional move.

Volume & Turnover


Volume spiked to 23,559.7 at 04:00 ET with a turnover of 5,719.55 USDC, indicating strong selling pressure. However, volume has since declined, signaling a possible exhaustion of bearish momentum. The 04:45 ET–05:15 ET dip saw heavy accumulation near 0.2401, with a turnover of 911.33 USDC.

Fibonacci Retracements

Fibonacci levels from the 0.2401 low to the 0.2492 high suggest key resistance near 0.2445 (38.2%) and 0.2461 (61.8%). The 0.2429 level sits close to the 38.2% retracement of the 04:00 ET–07:00 ET bounce, indicating a potential reversal point.

The market appears to be consolidating after a sharp sell-off, with key support at 0.2418 and resistance near 0.2445. A break above 0.2445 could signal a return to the 0.2461–0.2475 range, but traders should remain cautious of further downside given the recent bearish momentum.