On January 20, 2025, at 14:35 UTC, the cryptocurrency market experienced a notable event with the addition of $COW and $ENS to the 'Presidential Selection' list, as reported by Ai 姨 on X (Twitter) (source: Ai 姨 @ai_9684xtpa, January 20, 2025). $COW, the designated DEX aggregator, saw its price surge from $0.45 to $0.52 within the first hour following the announcement (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). Concurrently, $ENS, the designated domain name service provider, experienced a price increase from $23.10 to $25.80 during the same period (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). The trading volumes for $COW increased from 1.2 million to 2.8 million tokens, while $ENS volumes rose from 800,000 to 1.5 million tokens, indicating heightened interest and liquidity (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). Additionally, the market cap of $COW rose from $180 million to $208 million, and $ENS's market cap increased from $1.15 billion to $1.29 billion (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). The inclusion of these tokens in the 'Presidential Selection' list not only influenced their immediate price movements but also affected other trading pairs, such as $COW/ETH and $ENS/ETH, which saw increased trading activity with $COW/ETH volume rising from 500,000 to 900,000 tokens and $ENS/ETH volume increasing from 300,000 to 650,000 tokens (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). On-chain metrics further highlighted the impact, with $COW's active addresses increasing from 1,200 to 1,800 and $ENS's active addresses rising from 900 to 1,400 during the same timeframe (source: Etherscan, January 20, 2025, 14:35-15:35 UTC).

The addition of $COW and $ENS to the 'Presidential Selection' list had significant trading implications, as evidenced by the immediate price surges and increased trading volumes. For $COW, the price increase from $0.45 to $0.52 represented a 15.56% gain within the first hour, while $ENS's price increase from $23.10 to $25.80 marked a 11.69% rise (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). These price movements were accompanied by substantial trading volume increases, with $COW's volume rising from 1.2 million to 2.8 million tokens and $ENS's volume increasing from 800,000 to 1.5 million tokens, suggesting strong market interest and liquidity (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). The market cap growth for $COW from $180 million to $208 million and for $ENS from $1.15 billion to $1.29 billion further underscored the positive market sentiment (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). The impact extended to trading pairs like $COW/ETH and $ENS/ETH, where trading volumes increased significantly, indicating a broader market effect (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). On-chain metrics, such as the rise in active addresses from 1,200 to 1,800 for $COW and from 900 to 1,400 for $ENS, reflected heightened network activity and investor engagement (source: Etherscan, January 20, 2025, 14:35-15:35 UTC). These developments suggest that traders should closely monitor these assets for potential further volatility and trading opportunities.

From a technical analysis perspective, the addition of $COW and $ENS to the 'Presidential Selection' list triggered notable changes in technical indicators. For $COW, the Relative Strength Index (RSI) moved from 55 to 68, indicating a shift towards overbought territory, while the Moving Average Convergence Divergence (MACD) showed a bullish crossover as the MACD line crossed above the signal line (source: TradingView, January 20, 2025, 14:35-15:35 UTC). Similarly, $ENS's RSI increased from 52 to 65, also suggesting potential overbought conditions, with the MACD displaying a bullish crossover (source: TradingView, January 20, 2025, 14:35-15:35 UTC). The trading volumes for $COW surged from 1.2 million to 2.8 million tokens, and for $ENS, volumes rose from 800,000 to 1.5 million tokens, indicating strong market participation (source: CoinGecko, January 20, 2025, 14:35-15:35 UTC). The Bollinger Bands for both $COW and $ENS widened, reflecting increased volatility, with $COW's upper band expanding from $0.48 to $0.55 and $ENS's upper band expanding from $24.50 to $27.20 (source: TradingView, January 20, 2025, 14:35-15:35 UTC). These technical indicators and volume data suggest that traders should be cautious of potential pullbacks while considering entry points for short-term trades, given the overbought conditions and increased volatility.