This move is a classic blow-off top → distribution → bleed.

$COW Price spiked hard to 0.2560, then immediately printed a strong bearish engulfing and flipped into a full Supertrend sell signal. Since then it’s been making lower highs and lower lows, now sitting around 0.209 after tagging 0.2082 support.

Structure right now is clearly bearish.

Key levels:

Support: 0.2080–0.2050

Resistance: 0.2160

Major resistance: 0.2260

As long as price stays below 0.216, this is just weak consolidation inside a downtrend. A break below 0.205 opens room toward 0.200 psychological level.

For any real reversal, bulls must reclaim 0.216 and flip momentum with strong volume. Until that happens, trend favors downside continuation.

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