Summary
• Price formed a bullish engulfing pattern near 0.2255-0.2265.
• Volatility expanded during 0.223-0.228 swings with high-volume clusters.
• RSI hit oversold 28 and overbought 77, showing strong momentum swings.
• Price traded in a 0.2219-0.2285 range with 0.2245 as a key level.
• Bollinger Bands widened during the overnight rebound from 0.223.
CoW Protocol/USDC (COWUSDC) opened at 0.2255 on 2026-01-11 12:00 ET, reached a high of 0.2288, a low of 0.2219, and closed at 0.2258 on 2026-01-12 12:00 ET. Total volume was 153,198.4 and turnover was 33,836.51 USD over 24 hours.
Structure & Formations
A bullish engulfing pattern formed at 0.2255-0.2265 early in the session, suggesting short-term buying interest. Price later broke down to 0.223 and rebounded toward 0.2288, forming a wide range with no clear consolidation. The 0.2245 level appears as a key support/resistance zone, with a bearish doji forming near 0.2281.
Moving Averages
Short-term 20-period and 50-period moving averages (5-min chart) were closely aligned around 0.2258–0.2262, suggesting a neutral bias. Daily 50/100/200-period averages were not provided, but 5-min volatility and momentum suggest price could diverge further from these levels.
MACD & RSI
RSI swung from an oversold level of 28 to an overbought 77 during the 0.2285 high, highlighting strong short-term momentum. MACD showed mixed signals, with bullish divergence during the rebound but bearish divergence near the high.
Bollinger Bands
Volatility expanded as price moved from 0.223 to 0.2285, with the bands widening and price sitting near the upper band during the peak. A contraction is likely as price consolidates near 0.2245–0.2265.
Volume & Turnover
Volume spiked near the 0.2285 high and during the breakdown to 0.223, with strong volume clusters around 0.2245. Turnover aligned with volume surges, with no major divergence. Price may test 0.2245–0.2255 as a pivot zone.
Fibonacci Retracements
Fibonacci levels applied to the 0.2219–0.2285 swing show 0.2245 (38.2%) as a key retracement level and 0.2238 (23.6%) as a shallow support zone. Price appears to find support at 0.2245 and resistance at 0.2265, setting up a potential rangebound session ahead.
Price may test 0.2245–0.2265 over the next 24 hours, with a possible breakout attempt. Traders should watch for a break of these levels to signal a shift in sentiment. As always, sudden volume spikes or news could disrupt patterns.
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