Convergence

bullish

Pepe

CoW Protocol

The CoW Protocol price surged 47% in the last 24 hours to trade at $0.95 as of 02:24 a.m. EST on trading volume that skyrocketed 607% to $466 million.
<h2 id="cow-protocol-price-indicators-support-a-sustained-rally">CoW Protocol Price Indicators Support A Sustained Rally</h2>
The COW/USD chart on the 4-hour timeframe reveals an interesting mix of technical signals. A sharp upward surge has propelled <a href="https://www.coingecko.com/en/coins/cow-protocol" rel="noopener noreferrer nofollow">the price of CoW Protocol</a>&nbsp;into the spotlight, driven by strong market momentum and clear bullish formations.
A large rounding bottom pattern can be seen developing from mid-November through early December. This formation is a classic bullish reversal signal that indicates a gradual shift from bearish to bullish sentiment.
The pattern completed with a significant breakout above resistance near $0.58, signaling further upside potential, after completing a classic cup and handle pattern, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xde8c195aa41c11a0c4787372defbbddaa31306d2" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
Post-breakout, the CoW price experienced a parabolic move, surging sharply to the current level of $0.95. This kind of rapid price action often indicates extreme buying momentum but also hints at potential volatility ahead.
The price of CoW Protocol now trades gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication of the continued upsurge and a bullish rally ahead.
Meanwhile, the Relative Strength Index (RSI) is at 74.39, well above the 70 threshold, indicating the market is in overbought territory, which also means that COW is currently overvalued.
The Moving Average Convergence Divergence (MACD) line (0.0978) is above the signal line (0.0671) and continues to rise, which confirms the strong bullish momentum.
<figure id="attachment_610527" aria-describedby="caption-attachment-610527" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-610527" src="https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16.png" alt="CoW Protocol Price Chart Analysis Source: GeckoTerminal" width="2051" height="875" srcset="https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16.png 2051w, https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16-1024x437.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16-768x328.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16-1536x655.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/12/Balancer-V2-Ethereum_GeckoTerminal.com_COW_2024-12-16_10-24-16-2048x874.png 2048w" sizes="(max-width: 2051px) 100vw, 2051px">
 <figcaption id="caption-attachment-610527" class="wp-caption-text">
 COWUSD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
<h2 id="cow-price-prediction">COW Price Prediction</h2>
Given the current technical indicators and patterns, the outlook for COW/USD remains bullish in the short term, but with caution for volatility. If the price breaks and closes above the $1.00 resistance, we could see further upside toward the next possible targets at $1.20 to $1.30.
However, given the overbought RSI and parabolic move, a short-term pullback to the $0.63 support is also possible.
Meanwhile, investors looking for new opportunities might want to consider a new meme coin ICO called <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK)</a>.&nbsp;
According to 99Bitcoins, a popular crypto channel on YouTube with over 710K subscribers, $FLOCK has the potential to soar 100X after its launch.
<iframe title="NEXT 100X Meme Coin?! Flockerz Vote-to-Earn Crypto Review" width="640" height="360" src="https://www.youtube.com/embed/o0OSkCqnm9k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="flockerz-presale-raises-over-6-8-million">Flockerz Presale Raises Over $6.8 Million</h2>
Flockerz is building a vote-to-earn (V2) model where the community is at the heart of decision-making and thus far investors have backed it to the tune of $6.8 million.
The project aims to redefine decentralization through its community-driven governance system, Flocktopia. Unlike other projects, where a select few make decisions, FLOCKERZ opens its governance to all token holders and actually pays them for every vote they make with FLOCK tokens.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Everyone in Flocktopia is always here to lend a helping hand no matter what you need!
 Even if it's just a little support. 💙💙 <a href="https://t.co/b6zuvBbf41" rel="noopener noreferrer nofollow">pic.twitter.com/b6zuvBbf41</a>
 — Flockerz (@FlockerzToken) <a href="https://twitter.com/FlockerzToken/status/1868310079264677934?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In Flocktopia, decisions about the project’s future are made collectively by “The Flock,” the community of $FLOCK holders. Every member has a say, making the platform a truly decentralized and inclusive environment.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, with a sky-high annual yield of 411%.
To join the presale, <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">you can buy $FLOCK on the official website</a> for $0.0064265 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.&nbsp;
Buy before a price hike in less than 2 days to secure the best deal.
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/shanghai-inu-price-prediction-shang-surges-95-but-traders-flock-to-this-meme-coin-offering-last-chance-to-buy" rel="noopener noreferrer nofollow">SHANG Price Surges 95%, But Traders Eye This ICO Offering Last Chance To Buy</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/ethena-price-prediction-for-today-december-15-ena-technical-analysis" rel="noopener noreferrer nofollow">Ethena Price Prediction for Today, December 15</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/wall-street-pepe-sets-new-ico-record-with-14-2m-raised-in-just-9-days-becomes-the-top-presale-of-2024" rel="noopener noreferrer nofollow">Wall Street Pepe Sets New ICO Record With $14.2M Raised In 9 Days</a></li>
</ul>

Is It Too Late To Buy COW? CoW Protocol Price Surges 47% And This Might Be The Next Crypto To Explode

Table of Contents

Inside Bitcoins

Other articles published on Dec 16, 2024

Bitcoin and Ethereum Reach New Price Heights

It’s still a good time to invest in Bitcoin, says MicroStrategy’s Michael Saylor

Chinese stocks tumble as Bitcoin breaks all-time highs. Coincidence?

Why XRP Could Break $4 Barrier? This Group of Whales Grab $100 Million XRP

Argentina Approves Crypto ETFs, Could Solana And XRP See ETFs In 2025?

Best Cryptos to Invest in This Month: Qubetics Presale Phase 13, $6.8M Raised as Bitcoin Hits Rec...

Join our free newsletter for daily crypto updates!