Compound reclaims critical resistance, with $100 now a key target as structural recovery gains momentum.
COMP sees a 442% volume surge and bullish indicators, setting the stage for further upward movement toward $270.
Macro patterns signal COMP’s potential new cycle, supported by higher lows and sustained breakout strength above $60.
Compound (COMP) has entered a new bullish phase as structural indicators align with upward expansion. Following a prolonged accumulation, the token is showing signs of strength above former resistance levels.
Rising Structure Hints at Reversal
The compound’s chart now reflects a completed macro bottom, confirmed by a breakout above its long-term downtrend. Accumulation between $30 and $65, held for over 18 months, formed the foundation. Trading activity suggests investors are repositioning for what may be a broader structural recovery.
After reclaiming the descending trendline in early 2023, COMP began to print higher lows—a key shift in market character. The formation of a double bottom near $26 marked the turning point, with increased volume confirming accumulation strength. Since then, the price has failed to revisit prior lows, reflecting a bullish sentiment change. There is an emerging sense that this phase may set foundational momentum for what lies ahead.
Source: X
Recent price action toward $85 confirms the presence of a bullish impulse. Pullbacks have held above $60, establishing support at higher levels. Price movements now align with patterns often seen at the early stage of expansions. Traders are watching the $100 zone closely—previous support turned resistance. The next target level projected sits near $270, derived from historical structure and Fibonacci extensions.
The broader trend appears to be shifting, with macro indicators backing the early leg of a new cycle. Confidence seems to be growing that resistance barriers may soon soften. The market structure now favors bullish continuation if current support levels remain intact.
Short-Term Spike Adds to Optimism
In the short term, COMP surged to $47.10 with strong volume backing the move. The asset gained over 6% intraday, supported by bullish momentum on all major indicators. The Relative Strength Index hit 97, placing it in extreme overbought territory and confirming strong buyer control.
Moving averages across short, mid, and long timeframes—MA(7), MA(25), and MA(99)—all sloped upward. The MACD lines show widening divergence, reinforcing trend strength. Support at $42.54 aligns with previous levels and moving average confluence. Traders appear to be pacing their moves, valuing confirmation over haste.
A 442.55% jump in volume across Binance and Upbit pushed trades to $2.83M, helping COMP touch $49.34. Current developments suggest continued pressure toward the upside, with structural and sentiment support now firmly aligned.
