COMP / TetherUSLong
Bulls Defend Critical Support: #COMPUSDT Shows Signs of Uptrend
Updated
🐂 #COMPUSDT bulls fiercely defending the $38 area, where the 78.6% Fibonacci support was twice rejected. The recent price action reveals a clean rebound off the uptrend trendline and the critical VolumeProfile demand zone.
If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of the bullish trend. The next resistance level to watch is at the $50 mark.
If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of the bullish trend. The next resistance level to watch is at the $50 mark.
Note
#COMP price failed to break higher and dropped once again. Now, it has approached the 88.6% Fibonacci support level, which is crucial for the bullish trend to continue. It is important to keep a close eye on whether the support level holds or not, as it could potentially determine the future direction of the price. 
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