$COMP found strong support near 28.9 after a sharp decline from the 35 zone. Buyers stepped in aggressively and price quickly recovered back toward 30.3 on the 4H timeframe.

The strong bullish candle shows clear demand at lower levels supported by rising volume. This indicates buyers are gaining confidence after defending the recent lows.

As long as price holds above the 29 to 30 support zone $COMP may attempt a move toward 32 first followed by the 34 to 35 resistance area.

Market sentiment is slowly improving and momentum is shifting in favor of bulls.

The next candles will be key to confirm continuation or consolidation.

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