Technical analysis by CryptoCoinsCoach about Symbol COMP on 12/23/2025

COMP has been trading inside a well-defined descending channel for several months, reflecting sustained bearish market structure. Price recently moved toward the lower boundary of this channel and is now hovering near a key support zone after a sharp sell-off. The recent move shows price reacting near channel support, but the structure remains weak as long as COMP stays below the broken internal trendlines. A short-term relief bounce is possible if buyers manage to defend this zone and push price back toward the mid-channel area around the upper twenties to low thirties. However, failure to reclaim lost structure keeps the downside risk active. A clean continuation below current support would expose the lower demand zone near the mid-teens, aligning with the broader bearish trend. This setup is driven by descending channel behavior, post-breakdown consolidation, and weak recovery attempts. Directional conviction should only be taken after a clear reclaim or rejection of the current support area.