đ Compound (COMP) Price Action - A Potential Breakout in the Making? đ„
The EMA Cross Is Near for COMP đš
Compound shows early signs of strength with price consolidating near EMA
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Alright, letâs talk COMP/USDT for a second because this chart is looking kinda spicy đđ„. Weâve been stuck in this downtrend for a while, but something feels like itâs starting to shift. Now, the EMA hasnât crossed yet (itâs still waiting for that moment), but thereâs definitely some build-up happening here.
âIf youâve been following the price action, youâll see that COMP has been stuck under the 200 EMA, just chilling in the red zones. But now, weâre seeing it push up past $48, and thatâs where it gets interesting đ€. Itâs not a full breakout yet, but if the momentum stays strong and the EMA crossover happens soon, we could be in for a nice ride đ.
âThe previous ATH for COMP was $911.19, and while that feels far off, it's not completely out of the question if the bulls take over. But hey, donât jump the gun just yet â we need that EMA crossover to confirm the move. If we can break past $50, things might get real đ„.
âFor now, watch this range between $45-$50. If we stay above $48, it could mean a solid push upward. đđBut if the price drops back below that zone, weâll have to chill for a bit and wait for a new setup đŻ.
âIf you're holding or thinking about jumping in, this is one to keep an eye on đ. Letâs see if the bulls come in strong or if weâre in for another dip đ€.
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