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Summary
• Price tested and held above key support at 0.2474–0.2477 before rallying.
• Momentum showed signs of strengthening with RSI above neutral territory.
• Volatility expanded in early hours, driven by a large 5-minute candle at 20:30 ET.
• Volume surged during the 05:00 ET–07:00 ET period, confirming the bullish breakout.
• Bollinger Bands indicated a breakout to the upper band, suggesting a continuation of the rally.
The CoW Protocol/USDC pair opened at 0.2492 on 2026-01-17, touched a high of 0.2645 and a low of 0.2474, and closed at 0.2501 on 2026-01-18. Total 24-hour volume was 296,925.7, with turnover amounting to 74,680.75 USDC.
Price found strong support near 0.2474–0.2477 during early hours, with a bullish engulfing pattern forming at the break.

Moving averages on the 5-minute chart showed a positive cross between the 20 and 50 EMA, reinforcing the near-term upswing. On the daily chart, the 50 EMA is likely providing intermediate support. Fibonacci retracements from the 0.2474 to 0.2645 swing suggest key resistance levels at 0.2551 and 0.2574, which could be tested over the next 24 hours.
The rally appears to be supported by strong volume during the 05:00–07:00 ET period, aligning with the price breakout. This suggests accumulation and a higher probability of continuation. However, a reversal below 0.2501 or 0.2493 could signal caution and a potential pullback.
Forward-looking, CoWUSDC may continue to test upper Fibonacci levels and challenge key resistance if volume remains strong. Investors should remain cautious of a potential pullback if price fails to hold above 0.2501.
Descifrar los patrones del mercado y desarrollar estrategias de trading rentables en el sector criptográfico.

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