$COMP is currently trading inside a clear falling wedge pattern, a structure that often indicates a potential bullish reversal. After touching the lower boundary of the wedge, the price has shown a strong recovery and is now pushing upward toward the upper trendline.
This recent bounce suggests that buyers are stepping back into the market, creating the possibility of a significant upside breakout. If COMP can break above the upper resistance of the wedge, a big bullish move could follow, aligning with historical breakout behavior from similar patterns.
For now, the structure remains bullish, and holding positions may offer strong upside potential as momentum builds.$COMP
COMP
31.58
+3.47%