🚀 COMP Skyrockets Nearly 100% Before Cooling Off – What’s Next? 🚀
In a massive bullish surge, COMP/USDT exploded from $40 to an astonishing $80, nearly doubling in value within a single trading session! This jaw-dropping rally stunned traders, marking one of the most aggressive moves in recent times. But as expected, after such a parabolic run, the market saw profit-taking, bringing COMP to a closing price near $60—a still-impressive 50% gain from its starting point.
🔥 What Just Happened?
The spike was driven by an influx of buyers, sending trading volume soaring and pushing COMP to an overextended peak. However, resistance at $80 proved too strong, leading to a correction as traders locked in profits.
📉 Current Market Conditions
Now, COMP is moving sideways, consolidating around the $47–$50 range, but still holding a strong 22% gain on the day. With the 7-day MA (47.31) and 25-day MA (47.07) providing support, we could see a second breakout attempt if buying pressure returns.
💡 What’s Next?
If COMP holds above $47, bulls may regain control, pushing it toward $55–$60 once again. However, if selling pressure increases, it could retest support near $43–$45 before the next move.
🚀 Is COMP gearing up for another explosive move? Keep an eye on the volume and key levels—this could be just the beginning! 🚀
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