I have analyzed $COMP in detail now.

According to my analysis, $COMP is showing a healthy pullback after a sharp rejection from the recent high near 25.0. Price corrected into the 22.9 – 23.2 demand area and is now stabilizing around 23.3, which indicates selling pressure is easing and buyers are stepping in.

COMP is trying to form a base on the 1H timeframe after the impulsive drop. As long as price holds above the 22.9 – 23.0 support zone, the structure favors a recovery move rather than further downside.

The current structure suggests relief continuation if buyers defend this support.

For spot traders, this is a gradual accumulation / buy-on-dips structure.

I am cautiously bullish on COMP in spot and expecting upside if support holds.

Targets:

TP1: 24.0

TP2: 24.8

TP3: 25.8+

COMP
COMPUSDT
19.71
+0.40%