Why Compound crypto’s 22% rally puts COMP’s $30 target in focus

Compound [COMP] staged a sharp price recovery, following a daily increase of 22.46% as expanding trading activity triggered renewed market attention to the decentralized lending protocol. The price rally notably marked a bullish turnover for the token after struggling through an extended period of declining prices. As per CoinMarketCap data, COMP's 24-hour Spot trading volume increased by 975.2% to $143.8 million, which suggested significant growth in market participation. This sudden growth in activity followed the token’s price recovery from its recent lows, reinforcing its position among the day's top performing cryptocurrencies.