$COMP at $21.7, do you dare to chase?

DeFi old-timers have been waiting anxiously, finally witnessing this violent surge. It rose nearly 20% in 24 hours, almost 30% in a week, jumping straight out of the dead water at $16-17 to reach $21.7. RSI shot up from 52 to 77, buying pressure rushing in like crazy. Is this old guy truly coming back to life, or just a pump to dump?

First, look at the surface: violent surge, momentum like a rainbow.

In the past 24 hours, COMP went straight from $18.35 to $21.7, nearly a 20% increase, with trading volume significantly expanding. Daily MACD golden cross strengthened, weekly chart above multiple moving averages, Bollinger Bands opening upward. Technical indicators tell you: the bulls can no longer hold back.

First thing: DeFi funds are flowing back.

Market recovery, BTC oscillating around $70k, funds are moving out of meme and new narratives, returning to old DeFi projects with solid fundamentals. Compound V3 continues to optimize, multi-chain deployment on Arbitrum and Base, TVL steady around $1.5 billion.

Second thing: valuation is still relatively low.

COMP’s circulating market cap is about $210 million, P/F valuation around 10x, still a junior compared to giants like Aave. Protocol fee income supports governance, treasury still has $6.9 million. This means, among DeFi blue chips, COMP is still at the foothills.

Third thing: community sentiment shifts from “forgotten” to “leading the rebound.”

X and community discussion heat up dramatically, search volume and trading volume surge in 24 hours. The market is voting with real money — funds are rotating into old projects with solid fundamentals.

On one side: DeFi funds are flowing back, valuation is low, technicals are turning strong.

On the other side: MACD divergence, profit-taking could dump at any time, competitors are still diverting TVL.

Key level: $20–$20.5, the first line of defense for bulls and bears.

If you’re a short-term trader: buy on dips around $20–$20.5 in batches, target $23–$25, cut losses decisively if it falls below $19. Don’t hold, don’t be greedy, profit-taking is inevitable after big gains.

If you’re a long-term investor: gradually build positions in the $19.5–$21 range, target $28–$35. Wait for V3’s TVL to further break out or more institutions to adopt. The next major rally in DeFi likely still has its share.

This round of DeFi rotation, the ones who can profit are never those meme coins that already surged 10x, but the old blue chips that have been forgotten for too long but never had their fundamentals collapse.

COMP now is like UNI in 2020 — those who don’t understand think it’s old, those who do are already adding positions. #Gate广场四月发帖挑战 $COMP