$COMP /USDT just delivered a sharp 23% intraday expansion, tagging 23.97 before sellers forced a compression phase now hovering around 20.14. Price is currently trading under the MA60 (20.42), signaling that despite bullish volatility, structural control still leans slightly bearish on the short timeframe. The chart shows a classic spike-and-fade formation: aggressive vertical buying followed by descending micro-highs, suggesting early buyers are rotating out while late entrants hesitate. Volume behavior confirms this transition — initial green spikes fueled breakout momentum, but subsequent mixed red dominance indicates distribution rather than accumulation. The higher low above 20.00 is critical; holding it preserves a bullish continuation setup, while losing it exposes liquidity pockets toward the 19 zone. If bulls reclaim MA60 with expanding volume, momentum could reignite fast. Pro traders watch volatility contractions like this closely because they often precede decisive directional expansion.

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COMP

21.88

+9.72%