Compound’s governance token COMP — tied to the leading DeFi lending protocol — has been trading near about $23–$24, down roughly 12% over the past week amid broader crypto weakness and a technical breakdown below key moving averages. Sell volume has surged recently, suggesting continued near‑term bearish pressure, though occasional relief rallies flicker around oversold levels. Fundamentally, Compound remains central in DeFi, with ongoing integrations and protocol updates providing long‑term utility, but short‑term sentiment stays cautious. Market watchers are focused on whether COMP can hold near current support to avoid deeper declines. Liquidity headwinds, such as margin pair delistings, have dampened trading activity. Overall, COMP remains range‑bound as traders weigh DeFi adoption against macro risk‑off conditions.
@Compound Labs $COMP #compounding
COMP
23.94
+0.97%