‎‎‎Compound (COMPUSD) Continues Bearish Momentum with Potential for Temporary Recovery

‎‎Price Analysis: Compound Faces Sustained Bearish Pressure with Potential Short-Term Retracement

COMPUSD has been experiencing a pronounced bearish trend, with the market extending its decline into new lows. As the asset prepares for another potential wave of downward movement, technical indicators suggest a temporary bullish retracement before further depreciation.‎

‎COMPUSD Key Levels

‎Demand Levels: $4330, $33.10
‎Supply Levels: $51.40, $62.20
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‎‎Since early 2024, COMPUSD has been in a strong downtrend, breaching key support levels at $62.20 and $51.40 before falling below the $43.30 demand zone. The consistent break of structure indicates a well-defined bearish trend, further confirmed by the formation of a bearish flag pattern—a continuation signal suggesting prolonged selling pressure.
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‎The daily Moving Average (MA) reinforces the prevailing bearish outlook, as price action remains firmly below the indicator. On the 4-hour timeframe, the bearish momentum is notably aggressive, with multiple bearish candlesticks forming consecutively and little to no significant pullbacks, underscoring strong selling interest.‎

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Market Expectation

Despite the overwhelming bearish dominance, the 4-hour Relative Strength Index (RSI) has entered the oversold region. This suggests that a short-term bullish correction may occur before the downtrend resumes. A potential retracement could target the 4-hour order block, serving as a temporary resistance zone before renewed selling pressure drives the price lower.‎
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