COMP fell 10.09% to around $20.59 amid a broader sell-off in cryptocurrency altcoins and decentralized finance. Its 24-hour spot trading volume surged 180.8% to $43.01 million, while derivatives trading volume climbed 380.05% to $100.83 million. Open interest, however, declined 16.63% to $24.58 million, indicating that traders were mainly closing or reducing positions. The break below $21.31, combined with an RSI of 38.78 and a bearish MACD crossover, increased the risk of further losses. Unless the price reclaims $21.31, another correction toward $18.77 remains possible.
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