Aliens TLDR

COMP price shows a slowdown in bullish momentum at $55.95, a high-time-frame resistance level.

A daily candlestick close above $55.95, that flips it into a support level will invalidate the bearish thesis for COMP.

If Bitcoin price takes a dive, COMP price is likely to follow.

COMP/USDT 1-day chart While things are looking slightly bearish for COMP price, a daily candlestick close above the high-time-frame resistance barrier at $55.95 will jeopardize the bears’ plans.

If this move flips the said hurdle into a support level, it will invalidate the bearish thesis for COMP.

If buying pressure continues to build up, COMP price could trigger a 25% ascent to the $70.27 hurdle.

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