Today we are analyzing Compound ($COMP), another promising DeFi loans project on Ethereum ๐
There are no๐ โโ๏ธ striking differences from the already analyzed $AAVE ๐ $COMP is also a governance token. But the platform itself is available in more networks, from Solana and the $BNB chain to some less popular L2s.
Despite this, $COMP is even more undervalued๐ฝ, not even entering the top 100 by capitalization. Yes, the project is developing quietly, peacefully and evenly without loud announcements, but still it does not stand still! ๐
Such fundamental assets will shoot๐ first or last! And due to the low capitalization, the probability of a strong pump is much higher โ I have already told you๐ about this feature.
๐ The chart shows that we have reached two support zones at once: the local one (Bullish Breaker block $48.31-$50.80) and the main one (Imbalance 4h $47.14-$49.91), so I expect a reboundโฌ๏ธ from the current levels!
โก The targets are the nearest 4h imbalance from above ($52.96-$54.08) and equal highs at $56.89