COMP/BTC is one of the more undervalued DeFi Bluechips:
As the governance token for a well executed lending and borrowing platform with a TVL of ~9.42B, a market cap of only ~2.35B is not a worthy valuation for what this protocol offers.
Coupled with the fundamentals. the COMP technicals look primed for expansion upward.
The Madrid Moving Average Ribbon has twisted green which is an early indicator of trend change, signaling that a new uptrend will be starting.
Price has broken out of a bull pennant and retested the top diagonal as support ready to make a move up to the long term diagonal down trend line (orange) and once price confirms and S/R flip there, we should see forceful price movement potentially to the 0.618 fib retracement line around .019708
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