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Compound [COMP]

Compound Price Analysis: COMP Coin Struggles Around EMA-200

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  • The COMP coin is in a downtrend, around -1.6%, during the intraday trading session.
  • The 24-hour trading volume is at $154 million.
  • COMP/BTC pair is trading negative by -2.5% at 0.00849887 BTC.
Source: COMP/USDT on TradingView

Daily technical chart and price trend of COMP coin are showing a sideways trend. Based on the pivot level, the first support zone is 330 USDT. From another perspective, if it rushes, the resistance level to watch is 510 USDT. Thus, the graph made a bullish inside candle pattern during the day, and the cost is relied upon to remain upside with unwavering medium force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost remains below the red ribbon, so it will guarantee a downswing in Compound until the cost dwells below.

Trading volume (11.25 K) is underneath the 20-day moving average (66.215 K). To put it plainly, the volume is low and increasing, making the cost struggle around the pivot levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is typical in the following trading days.

The CCI indicator gave a signal (neutral) with -62, projecting no trading zone in the currency. Investors can observe a flat slope. It can arise in future trading sessions.

Compound (COMP) Coin Oscillators Looks Neutral

Today’s Compound price is $ 412.73, and the 24-hour trading volume is $ 154,573,131. COMP prices have fallen -1.6% in the last 24 hours. It has a circulation of 5.4 million COMP coins and a total amount of 10 million. The CCI points to a neutral indication, and the traders have prompted low volume and keep on increasing. In fact, the cost is below the pivot regions and proceeds in a flat trend. In like manner, with the general market perspective, the pattern stays sideways for coming trading days.

Resistance Level: $510

Support Level: $330

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