$COMP is currently in a ranging market structure, with price oscillating between critical levels.

The current price sits at 46.12 USDT, just above the support level of 45.12 USDT.

A breakout above resistance at 47.54 USDT could indicate a bullish reversal, but vigilance is essential.

With an RSI of 44.37, momentum is neutral, suggesting potential for both upward and downward movement.

Traders should consider a range-bound strategy, but remain cautious of Bitcoin's volatility and macroeconomic impacts.