This rebound has been pretty impressive—COMP surged 22%.
Key figures: Current price: 26.10; 24-hour high: 29.19; low: 21.20; trading volume: 967,000.
My take: This is more than just a sentiment recovery. Capital is clearly flowing into established DeFi assets. Rallies of this size usually mean significant short-term profit-taking pressure, but the trend is already underway.
Keep an eye on two things next: whether it can hold above the 26 level, and whether it can decisively break through the 29.19 high. A breakout is what would confirm a firm footing.
Key figures: Current price: 26.10; 24-hour high: 29.19; low: 21.20; trading volume: 967,000.
My take: This is more than just a sentiment recovery. Capital is clearly flowing into established DeFi assets. Rallies of this size usually mean significant short-term profit-taking pressure, but the trend is already underway.
Keep an eye on two things next: whether it can hold above the 26 level, and whether it can decisively break through the 29.19 high. A breakout is what would confirm a firm footing.