The chart for $COMP on Binance shows a massive bullish explosion!
From a low around $15.16, COMP rocketed straight up in a near-vertical green candle run, hitting a 24h high of $22.09 before pulling back slightly to the current last price of $21.93 (+42.03% in 24h 🔥).
This is a classic breakout from a prolonged consolidation/base-building phase (those small red/green candles at the bottom), with explosive volume confirming strong buyer conviction. The move looks impulsive, likely driven by renewed DeFi interest, governance hype, or broader altcoin momentum.
Key levels to watch:
- Resistance: Immediate overhead at the high ~$22.09–$22.44 (psychological + prior wick rejection). Break and hold above could target $25+ quickly.
- Support: Pullback zone around $20.91–$19.39 (previous swing area), then stronger at $17.86–$16.34 if we get a deeper retrace.
The candle structure screams continuation higher in the short term — no major bearish divergence visible yet, and the momentum is still very much to the upside. Expect possible retest of breakout level before next leg up.
Next move prediction: Bullish continuation likely toward $24–$26 if volume stays elevated and we hold above $20. Watch for a healthy pullback to $19–$20 as a high-probability long entry.
DeFi season heating up? COMP might be one of the first to run hard. 🚀
What’s your take — long here or waiting for dip? Drop your thoughts below!
