COMP trades at $85 as the OG lending protocol expands across multiple chains.
What's Happening:
$COMP trading at $85 amid market consolidation
Multi-chain deployment strategy expanding reach
Compound v3 (Comet) improving capital efficiency
Protocol remains foundational DeFi infrastructure
Why It Matters:
Compound invented algorithmic money markets that now underpin all DeFi lending. While newer protocols iterate on the model, Compound's security track record remains unmatched. Multi-chain expansion ensures relevance in fragmented DeFi landscape.
Technical View:
$85 consolidating with lending activity providing support. OG protocol status provides fundamental floor. With Fear & Greed at 30 (Fear), blue-chip DeFi offers relative safety. Support at $75; break above $95 targets psychological $100.
🎯 Key Levels:
Support: $75 | Resistance: $95
24h Range: $82 - $88
💡 "Every lending protocol today exists because Compound proved the model works."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Compound #COMP #Lending #DeFi #DYOR
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
