Why is COW’s price up today? (08/07/2025)

Question

Accepted Answer

## TLDR  
COW’s 53% 24-hour surge appears driven by technical momentum, supply dynamics, and spillover from earlier protocol developments.  
1. **Breakout above key Fib levels** (0.0116–0.012) with RSI7 at 84.66 signals overbought risk  
2. **330% volume spike** aligns with whale-driven liquidity shifts  
3. **Upbit listing tailwinds** (Feb 2025) may still buoy Asian retail interest

## Deep Dive  
### 1. Technical context  
The price broke above the 23.6% Fibonacci retracement ($0.0116) and 7-day SMA ($0.00807), with RSI7 hitting 84.66—its highest since May 2025. This suggests:  
- **Momentum squeeze**: Short-term traders chased the breakout above $0.0116, but RSI divergence hints at exhaustion  
- **Liquidation fuel**: The move coincided with rising total crypto derivatives OI (+1.37% 24h to $791.4B), amplifying volatility

### 2. Supporting factors  
- **Supply constraints**: CoW DAO’s 7.5M COW loan to Wintermute (May 2025) continues tightening circulating supply, with top 10 holders controlling 35.91% of tokens  
- **Altcoin rotation**: The CMC Altcoin Season Index rose 3.85% in 24h as BTC dominance dipped 0.1% to 64.39%

## Conclusion  
COW’s surge combines technical breakout energy with residual benefits from May’s liquidity partnerships, though overbought signals and low turnover (0.087) warrant caution. Will Asian retail traders sustain momentum as RSI cools?

Latest COW (COW) Price Analysis

TLDR

Deep Dive

1. Technical context

2. Supporting factors

Conclusion