🚨 COMP (Compound) Update 🚨

Compound is trading within a descending channel on the 8-hour chart. 💁‍♂️

The price is currently testing the MA 50 near the channel's upper boundary. 🧐

If we see a breakout above this level and the descending resistance, it could signal a bullish reversal, with a target towards the $64.40 resistance zone. 🤓

Watch for a strong volume increase during the breakout to further confirm the bullish trend! 📝

Stay alert for the next move! 📈🔥

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$COMP