Compound Surges 17%, Signaling Breakout and Bullish Momentum

Compound (COMP) experienced a significant surge of 17.24% in price, reaching $46.44 as trading volume spiked. This move signals a clear breakout from previous resistance, further fueling analysts’ optimism about an impending bullish rally. The surge is attributed to expanding DeFi activity and increasing institutional investment, which both suggest a strong buy-in for the cryptocurrency.