COMP/USDT Price Analysis – Strong Bullish Momentum After Breakout
$COMP /USDT is showing impressive bullish momentum on the 1-hour timeframe. The price is currently trading around $18.56, marking a strong intraday gain of over 17%. After bouncing from the recent low near $15.19, COMP formed higher highs and higher lows, confirming a short-term uptrend. The breakout above the $17.00 resistance level triggered strong buying pressure, supported by rising volume.
The moving averages (MA7, MA25, and MA99) are aligned bullishly, with price trading above all key averages. This indicates strong momentum and trend continuation potential. If bulls maintain control, the next resistance zone lies near $19.80–$20.00. However, a pullback toward $17.20–$17.50 could offer a healthy retest before another upward move.
Traders should monitor volume and RSI for confirmation. Overall, momentum favors buyers in the short term.
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