Summary
•
found key resistance near 0.1950–0.1960, reversing from a bullish breakout attempt.
• On-balance momentum stalled as RSI flattened in overbought territory, signaling potential pullback.
• Volatility surged midday, but volume failed to confirm strong follow-through on the rally.
• Bollinger Bands expanded after 04:00 ET, reflecting increased short-term uncertainty.
• A bearish engulfing pattern formed at 0.1904–0.1881, suggesting near-term bearish bias.
Price and Volume Snapshot
At 12:00 ET–1 on 2025-12-18, CoW Protocol/USDC (COWUSDC) opened at 0.1924, reaching a high of 0.1960 before closing at 0.1957 on 12:00 ET–19. The 24-hour range spanned 0.1840 to 0.1960, with total volume of 1,038,243.1 and turnover of 197.07.
Structure & Formations
The 24-hour OHLCV data shows a distinct reversal pattern, with a bullish move starting at 04:00 ET, pushing price to a high of 0.1960, only to see a bearish engulfing pattern develop at 0.1904–0.1881. A key resistance cluster emerged near 0.1940–0.1960, with a bearish reaction suggesting caution ahead of further upside attempts.
Momentum and Volatility Indicators
The RSI peaked above 65 near the 0.1960 level, indicating overbought conditions without a corresponding bullish breakout. Bollinger Bands expanded significantly after 04:00 ET, reflecting heightened volatility, with price bouncing between the upper and lower bands, suggesting a potential shift in directional momentum.
Volume and Turnover Analysis
Volume surged in the 4–8 AM ET window, particularly between 05:45 and 08:15 ET, coinciding with the 0.1909–0.1960 rally. However, volume waned during the consolidation phase, suggesting weakening conviction in the rally. Turnover confirmed the volume spikes, but failed to maintain momentum past 08:15 ET, pointing to potential short-term fatigue.
Forward-Looking View
With RSI flattening and price near key resistance, a pullback into the 0.1904–0.1924 range could be imminent. Traders should monitor volume for confirmation of any directional move. A break below 0.1904 could trigger deeper corrections toward 0.1880–0.1870, where support appears more defined. As always, market sentiment and broader crypto conditions may impact the near-term path.
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