$COW is showing patience and patience usually comes before direction.

After the earlier push toward 0.172, price didn’t fall apart. It slowly cooled down and found steady demand around 0.155–0.156. That area acted like a floor, stopping the drop and giving buyers room to breathe.

From there, the recovery has been calm and controlled. No sudden spikes, no emotional candles. Just a gradual climb back to 0.168, keeping most of the day’s gains intact.

What matters now is the 0.165 zone. As long as price holds above it, the short-term structure stays positive. Buyers have already shown they’re willing to defend this area.

Above, 0.172–0.176 remains the key test. That’s where sellers stepped in before. A clean move through it would signal that this recovery has more behind it.

Right now, this feels less like hype and more like balance returning the kind of price action that quietly resets before the next move.