- Compound coin price is currently observing a downside momentum in the daily chart and can hit the next support. It has seen a gain of more than 8% in the past 24 hours
- Technical Indicators for the COMP coin price hints towards a downside momentum in price. In contrast, the COMP/BTC pair is up by more than 2.38%
COMP crypto price is currently in a downtrend and can soon see a new low in the future. Compound price has seen a gain of more than 8% in the intraday session and is currently trading near the value of $285. The bullish pattern of COMP might see a hostility near $300. In the interim, the bounceback zone of the coin can be seen at around $200. The cost of the asset is as of now exchanging below the 50 and 100 Daily Moving Average. The 100MA line is close to $299, making it a transitory help zone at the cost. The cost of the coin may see strong momentum in the future. COMP/BTC pair can likewise notice a solid potential gain pattern in the price for what’s to come. One can put resources into COMP according to their requirements and risk limit.
COMPOUND market dominance alongside the market cap is noticing a decrease and can soon see a new low in the future. The volume of the coin can also see a new high in the future. The Volume to Market capitalization proportion of the coin suggests a strong upside momentum in the future. In the event that the proportion gets around 0.8 then a solid potential gain force can be seen.
COMP Crypto Price Technical Indicators Suggests A Strong Upside Trend
The weekly technical chart of the COMP price suggests a strong upside momentum in the future. It can soon see a new high in the future. The daily chart of the COMP price can see a new high in the future. If the price of the coin goes down below 12 to 14 % below the current level then a strong downside momentum can be seen. COMP/BTC pair can also see a new high in the future
CONCLUSION
COMP coin price is currently seeing consolidated momentum and can soon see a new high. COMP/BTC pair can also see a new high in the future.
TECHNICAL LEVELS
Major Resistance:$400
Major Support:$300