【Market Flash】COMP is down about 10%, breaking below the $21.31 support level, and is now trading at around $20.59. Amid a broad DeFi sell-off, it has seen the cleanest reduction in positions: derivatives trading volume surged, while open interest fell by 16.63%, indicating that existing positions are being closed rather than new shorts being opened. The technical target is $18.77. Until it reclaims $21.31, treat rallies as resistance. Is this a shakeout or a breakdown? Pick a side: reply 1 if bullish, 2 if bearish.
$COMP $AAVE $UNI
#Compound #DeFi #COMP
(Source: AMBCrypto)
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