$COMP
/USDT is currently trading around $18.74 after bouncing from the recent low near $14.80. On the daily timeframe, price is attempting a short-term recovery following an extended downtrend from the $37 region. Although the latest bullish candles show renewed buying interest, COMP is still trading below MA(25) and MA(99), which indicates that the broader structure has not fully shifted bullish yet.
The $17.50–$18.00 zone now acts as immediate support, while $20–$21 represents the first key resistance area aligned with prior breakdown levels. A sustained move above $21 could improve momentum and open room toward the $25 region. However, if price struggles near resistance, consolidation or another pullback toward support would remain technically possible. Watching volume expansion and the formation of higher lows will be important to assess whether this is the start of a stronger reversal or just a relief bounce.
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