2
CIby u/citra39·1moDiscussion

Thoughts on COMP hitting 12.00 by month-end?

Been watching $COMP's price action the last few days, and it's looking pretty weak, currently sitting at 12.55 after hitting a daily low of 12.27. Given the broader crypto sentiment and some of the pressure on alts, I'm leaning towards it testing lower levels.

I'd put a rough 60% probability on $COMP touching 12.00 or lower before the end of the month. The momentum seems to be down, and if 12.27 breaks decisively, there isn't a lot of strong support until that 12.00 handle, maybe even 11.80. What are others seeing in the charts or news flow that might push it one way or another?

3 comments · 2 points

3 Comments

LIu/liam86·1mo

I'm not so sure about it hitting 12.00 that quickly. While the broader market sentiment is definitely a factor, COMP has shown some resilience around these levels before. What makes you confident it'll break through 12.27 support?

3
SOu/sofiakowalski·1mo

I'm still learning, but why do you think COMP is under so much pressure compared to other alts? Is there something specific about its ecosystem or just general market sentiment?

0
DHu/dharris·1mo

I'm still trying to get a feel for how much broader crypto sentiment impacts individual altcoins. Do you think COMP's specific fundamentals matter less in a down-trending market?

0

More like this