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  • COMP/USD is now trading at $241 after trading in a slow and descending pattern.
  • COMP bulls have been really active in the past week.

The trading volume of COMP has increased massively over the past 24 hours from an average of $55 million to $485 million currently. 

COMP/USD daily chart

COMPUSD

COMP was trading below the 12-EMA for weeks. This resistance level became the most crucial one in the short-term and it wasn’t until August 7 that bulls had a significant breakout above both EMAs. 

Now the 12-EMA and the 26-EMA have crossed bullishly and COMP is getting a ton of continuation to the upside with a massive increase in trading volume.