CPOOL Weekly Chart Reveals Bullish Compression Amidst Market Consolidation

Recent analysis reveals a bullish compression pattern forming in CPOOL’s weekly timeframe, as price continues to consolidate near crucial support. Key indicators suggest tightening price behavior with oversold momentum conditions signaling potential breakout opportunities. 1-week and daily charts show the asset converging into demand zones while showcasing strong buying pressure. Analyst Moustache highlights this compression, noting that it is taking place within a descending wedge on the weekly chart. This descending wedge converges to historical support near the $0.025–$0.030 zone. Moustache’s analysis provides further insights into CPOOL’s history, showcasing its price action and notable peaks/troughs since late 2021.