Perfect Analysis

Compound ($COMP) has delivered a stunning 38.08% rally, soaring to $122.46 after reaching an intraday high of $144.00. This explosive move follows a break from a prolonged consolidation phase, with bulls firmly in control. The 4-hour chart highlights COMP’s steep climb from $86.61, powered by significant buying volume. However, the sharp rejection at $144.00 suggests the price may face resistance in this zone, creating potential for a short-term pullback to the $90.92 support area.

Traders should remain cautious, as volatility is at its peak. A decisive break above $144.00 could open the door to higher targets at $147.89 or more. Conversely, if COMP fails to hold the $122.50 zone, it could lead to a deeper retracement. With 190% gains over 90 days, COMP remains a top-performing DeFi coin, and its rapid price action demands close monitoring for the next move.
$BTC $COMP