$COMP is carving out a high-conviction base on the 1H chart after a powerful technical breakout.

LONG: COMP

Entry: 20.80 – 21.40

Stop-Loss: 19.50

TP1: 22.80

TP2: 24.20

TP3: 26.50

$COMP has printed a definitive structural shift on the 1H timeframe. After finding a major floor at $19.77, the price surged with a 498% spike in trading volume, reclaiming the SuperTrend (10,3) support at $20.73. Currently trading at $21.44, the asset is consolidating above its short-term MA(5) and MA(10) clusters, signaling that the initial impulse is being absorbed by buyers rather than distributed by sellers. 

The bullish thesis is further supported by an RSI(6) of 43.10, which has cooled significantly from overbought levels, providing fresh runway for the next expansion leg. As long as the $19.50 pivot remains intact, the setup favors a continuation toward the recent local high of $24.24, with extension targets toward the $26.50 zone if broader altcoin rotation momentum persists. 

Trade $COMP on Binance

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