💥 $COMP PRICE UPDATE! 🚨

$COMP is currently trading at $50.74, with a 7.58% dip in the last 24 hours. The trading volume stands at $49.39 million, while the market capitalization is around $475.47 million. With a total supply of 10 million COMP tokens, the big question is: Will COMP rebound or keep sliding this week? 🤔

Let's look at the technical analysis:

- *Support Level:* $48 (potential bounce-back zone)

- *Resistance Level:* $55 (key level to break for upward momentum)

Some analysts predict a potential surge, citing a double-bottom pattern and Fibonacci resistance levels at $60.65 and $66.00. If history repeats itself, COMP could see a 50% rally or even skyrocket by 65-80% from current levels! 🚀

However, others warn of potential hurdles, including a descending trend line and Fibonacci resistance levels. A temporary dip to $48 might be expected before the next leg up.

*Key Takeaways:*

- *Bullish Signals:* Double-bottom pattern, strong buying interest

- *Bearish Signals:* Descending trend line, potential retracement

What's next for COMP? Will it follow the bullish trend or face resistance? Stay tuned for further developments! 📊 #COMP #Crypto #MarketUpdate