Compound drops 10% below key support, next level at $18.77
- —COMP spot volume surged 180.8% to $43.01 million in 24 hours
- —Derivatives volume rose 380% to $100.83 million as open interest fell 16.63% to $24.58 million
- —RSI slipped to 38.78 and MACD printed a bearish crossover
- —The former $21.31 support may now act as resistance
Why it matters: The breakdown below key support with shrinking open interest points to traders exiting positions and raises the risk of a further slide toward $18.77.
Source: AMBCrypto