Technical analysis by CryptoNuclear about Symbol COMP: Buy recommendation (7/2/2025)

🧠 Weekly AnalysisAfter peaking near $911 in 2021, COMPUSDT experienced a prolonged downtrend, followed by a wide sideways accumulation phase around the $33–$41 range.📉 This consolidation has formed a classic Wyckoff Accumulation structure, often seen before strong bullish reversals.🟨 Key Support & Demand Zone:🔻 Accumulation Zone: $33–$41This range has acted as a strong floor since mid-2022.Multiple rejections from this zone hint at smart money accumulation.Recent long wicks and bullish rejections from this zone signal a potential reversal brewing.🔮 Bullish Scenario:If the price holds above the accumulation zone and breaks key resistance, the bullish case unfolds as follows:📈 Bullish Price Targets:1. ✅ $62.64 — First breakout confirmation.2. ✅ $89.03 — Minor resistance and psychological level.3. ✅ $117.27 — Major historical resistance.4. ✅ $173.11 — Medium-term target.5. ✅ $246.03 — Potential full target from pattern projection.6. 🚀 Extension Targets: $363–$516 in case of a strong altcoin rally.🔥 Breakout Confirmation: Weekly candle close above $62.64 with volume surge.🧨 Bearish Scenario:If the $33 support zone breaks and closes below:⚠️ Possible downside:Drop toward $23.27 (2022 low)Extreme scenario: retest of $17 zoneThis invalidates the current bullish structure and resumes macro downtrend📊 Patterns Observed:🔹 Extended Accumulation Range🔹 Potential Inverse Head & Shoulders (in development)🔹 Double Bottom Structure (awaiting neckline breakout)These patterns suggest a market gearing up for a major shift — but volume and breakout confirmation remain crucial.📅 Summary & Strategy:🟢 Entry Zone: $35–$42 (low-risk accumulation)🟡 Breakout Zone: Above $62.64🔴 Stop Loss: Weekly close below $33➡️ Favorable risk-to-reward setup for mid- to long-term swing traders and investors.💡 Watch for breakout volume and BTC’s direction for confluence.#COMPUSDT #CryptoBreakout #AltcoinSeason #WyckoffAccumulation #SwingTrading #CryptoTechnicalAnalysis #COMP #BreakoutSetup #CryptoAnalysis #BullishStructure