Compound (COMP/USD) Rebounds Sharply from $25.60 Flash Low
Estimated Reading Time: 2 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Compound Price Analysis – COMPUSD Eye key Resistance
Compound staged a dramatic rebound after a sharp plunge on October 10. The is price recovering to $32.62 at the time of writing posting over +17% intraday recovery from the low near $25.64. The steep selloff brought the token into a deep oversold state, prompting a swift reaction as bargain hunters stepped in around historical demand zones.
Compound Key Levels
Resistance: $39.46, $43.12
Support: $32.00, $25.64
COMP/USD remains under pressure, having broken below the $39.46–$43.12 midrange support that held since June. The strong lower wick now visible on the daily candle implies that the breakdown may have represented a liquidity flush rather than a clean continuation. If confirmed, this would mark a potential Wyckoff spring test within a broader accumulation base.
The Momentum reads –10.52, still broadly negative but fading from extremes, which suggests the strongest bearish pulse may have passed. Meanwhile, the Money Flow Index (MFI 14) hovers near 30.38, reflecting renewed inflows as buying volume expands modestly off the lows.
After yesterday’s capitulation-style candle, COMP has entered a technical rebound phase. Buyers currently control the short-term flow as price attempts to reclaim prior range boundaries. The rebound volume validates early accumulation interest, yet momentum readings suggest residual fragility.
Market Expectation
On the 4-hour chart, COMP/USD illustrates a clear V-shaped rebound structure following its high-volume liquidation dip. The pair’s recovery from $25.64 to $32.60 signals that short-term sentiment has turned constructive.
The MFI on lower timeframes reads 13.79, deep within oversold territory confirming that the recent selloff likely exhausted immediate selling pressure.
You can purchase Lucky Block here. Buy LBLOCK
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result.
