CoW Protocol surges 23% as liquidity piles at $0.45: What happens now?

Will COW continue rising or will short liquidations derail the move?

COW surged more than 23% in 24 hours as volume followed suit. Still, more than 70% of traders were profitable, but is that enough to sustain the rally?

CoW Protocol [COW] has been in an uptrend for the past month. As of press time, COW had surged by 23% in the last 24 hours, while its volume reached $150 Million.

More data from CoinMarketCap showed that COW’s DEX volume had surpassed that of 1inch [1INCH]. Combining this, price action and liquidity provided some insights on why the altcoin was up