- Compound coin price is currently in an uptrend and can see new highs in the future. It may achieve the new high of $1000 in the upcoming days.
- Technical Indicators for the Compound price suggests an upside momentum for the coin. Meanwhile the COMP/BTC pair is seeing a loss of 5.9% in the intraday session.
COMP coin price uptrend is currently halted and is trading near the value of $482. It has seen a loss of 5.61% in the intraday session. Resistance for the Compound price on the upside can be seen near $700 . Meanwhile a bounceback in the price can be seen near $300. The price of the coin is trading above 50 and 100 Days Moving Average.The 50MA (RED) line is at $359, making it support for the coin.The price of the coin is hinting towards a halt in bullish momentum in the upcoming days. COMP/BTC pair can also observe a new highs in the future
COMP token is ranked 41 in the Coinmarket cap with a market capitalization of $4,,781,625,536 .The volume of the coin has also seen a decrease of 30% in the past 24 hours. Volume to Market capitalization ratio for the coin is 0.2236. If the ratio of the coin goes above 0.8 then it can push the price high.
Technical Indicators For The COMP Coin Price Highlights A Halt In Bullish Momentum
The weekly technical chart of the coin highlights a bullish momentum for upcoming weeks. It also went up by more than 30% in the weekly chart. The daily chart of the COMP showcases a halt in bullish momentum for the upcoming days. On the daily technical chart, the coin has formed an upside parallel channel. If the price of the coin goes 15% above the current value then a strong uptrend can be observed. The price may see a small correction upto $400 before the big rally. COMP/BTC pair may also see an uptrend in the upcoming days.
The volume indicator is at 44K highlighting a small selling pressure. If the price goes above $600, then a strong buying volume can be observed.
RSI(Bearish): It is currently at 64.25, highlighting its presence in the overbought zone. There is a small negative slope formation in the RSI, suggesting the price may see the downtrend in upcoming days.
CONCLUSION
COMP coin price is currently observing a halt in the bullish momentum and can see the new highs in upcoming days. COMP/BTC pair can also observe a new high in the upcoming days. An Investor should do their due diligence before investing.
TECHNICAL LEVELS
Major Resistance:$700
Major Support:$300