$COMP Pops 20%, but Compound's Deposits Haven't Followed
What happened?
COMP trades near $25.9, up 20% in 24h after spiking to $29.3 intraday.
Why?
No official catalyst. Per The Defiant, COMP has beaten BTC and ETH over a week and a month, yet Compound's TVL is still below late September.
What's next?
Bearish. Price without deposits rarely holds, and it's already ~12% off the high. Expect a pullback toward the $24.16 1-day average while COMP stays below $29.3.
Not financial advice. DYOR.
$COMP
What happened?
COMP trades near $25.9, up 20% in 24h after spiking to $29.3 intraday.
Why?
No official catalyst. Per The Defiant, COMP has beaten BTC and ETH over a week and a month, yet Compound's TVL is still below late September.
What's next?
Bearish. Price without deposits rarely holds, and it's already ~12% off the high. Expect a pullback toward the $24.16 1-day average while COMP stays below $29.3.
Not financial advice. DYOR.
$COMP