COMP breaks resistance with increased outflows and large player activity, Viktoras Karapetjanc notes

COMP breaks resistance with increased outflows and large player activity, Viktoras Karapetjanc notes
COMP sees accumulation as demand rises

Viktoras Karapetjanc, industry influencer, highlights that COMP/USDT is showing signs of accumulation.

According to Karapetjanc, technical indicators such as a resistance breakout, sustained levels above the 200 EMA and WMA, and a series of higher highs and higher lows support this view. On-chain data reveals outflows exceeding inflows, with large investors accumulating positions and demand rising. Karapetjanc outlines a scenario with significant upside potential over the next one to two months.

Karapetjanc has previously discussed how rising oil prices and inflation have influenced crypto markets, positioning BTC as both a risk and hedge asset. In an earlier analysis, he highlighted the role of liquidity and liquidation events in shaping trading opportunities during market shakeouts. His recent observations on COMP come amid continued focus on technical and on-chain signals.

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