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Compound [COMP]

Compound price analysis: Bulls override bearish momentum to carry price above $330

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  • The latest Compound price analysis shows bullish trend.
  • COMP/USD price has increased up to $330.04 today.
  • Support is strictly adhering to $276.4 level.

The Compound price analysis suggests the bulls are trying to take the charge once again after a long period of constant downfall. The past weeks have been quite damaging for the overall coin value, but today signs of improvement can be detected as green candlesticks are emerging. The price has been lifted up to the $330.04 level during the day, which is a great achievement for the bulls. The hourly chart is also indicating a rise in price which means that the upcoming hours will prove profitable for cryptocurrency.

COMP/USD 1-day price chart: Recent overturn positions bulls above the bearish standing

The price is going up once again as the 1-day Compound price analysis shows signs of bullish recovery. The price levels have been raised up to the $330.04 level, which is an encouraging sign for the buyers. The past few weeks have been detrimental for the COMP/USD market value, but now the price is returning back to its former levels. The moving average (MA) value is also going down towards the price level and is at $329.62.

Compound price analysis: Bulls override bearish momentum to carry price above $330 1

The volatility has decreased which means that further improvement in the price is to be expected. Furthermore, the upper band of the Bollinger bands Indicator is now touching the $446.74 level whereas the lower band is touching $276.4. The Relative Strength Index (RSI) score has moved up to 42 as well today, though still in the lower half of the neutral zone.

Compound price analysis: Upswing follows steadily taking price closer to its aim

The 4-hours Compound price analysis is showing signs of bullish activity as the price has increased tremendously during the past few hours. The bulls are leading the game once again as the uptrend has been following consistently for the past couple of hours. The price has now mounted to the $329.50 level and is expected to go onto a higher level from here. The moving average is settled at a slightly lower position i.e. at $323.3 in the four hours price chart.

Compound price analysis: Bulls override bearish momentum to carry price above $330 2
COMP/USD 4-hours price chart. Source: TradingView

The volatility, on the other hand, has slightly decreased. The upper Bollinger band value has now moved to $341.13, whereas the lower Bollinger band value is now present at $294. The RSI score has increased as well because of the bullish trend as it is now at 54.

Compound price analysis: Bulls override bearish momentum to carry price above $330 3
COMP/USD technical indicators chart. Source: TradingView

The technical indicators chart for COMP/USD is going bearish as the price has hit its lowest point during this month. This is why there are 15 indicators on the selling position with 10 indicators left on the neutral and one the buying positions.

The moving averages indicator is also giving a selling signal because of the constant downfall in price that occurred during the past few months. There are 13 indicators settled on the selling mark, while one indicator each is present on the neutral and buying positions. The Oscillators have nine indicators standing on the neutral position, two indicators on the selling position, and none on the buying position.

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Compound price analysis conclusion

The bulls are leading once again as more and more green candlesticks are positioning themselves on the price charts. The price has reached higher levels as well during the day as it is now at $330.40. The price is expected to increase even more as the hourly price chart is dictating bullish price movement. The support present at $276.4 is providing further assistance to the bulls.

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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.

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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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Tron

TRON, MATIC, Compound Price Analysis: 04 September

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Bitcoin’s price action has remained choppy around the 50k level over the past week. Certain altcoins, however, did not immediately reflect an uptrend. TRX fell by 2.5% and inched closer to its support line of $0.958, Compound also declined by 2.3% and prepared to fall to $393.07. Finally, MATIC flashed consolidation while logging in gains of 1.2%.

TRON [TRX]

TRON, MATIC and Compound Price Analysis: 04 September
TRX/USD, TradingView

TRX slipped down on its charts by 2.5% over the last 24 hours and was trading at $0.101, at press time. The altcoin had registered a multi-month high yesterday, however, it failed to topple the $0.104 resistance. Its immediate support zone lay at $0.958, the additional support lines stood at $0.088 and at $0.816. TRX last traded around $0.816 almost three weeks ago. 

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Buying pressure fell near the 60-mark on the Relative Strength Index after the asset was overbought over the last 48 hours. Awesome Oscillator registered red signal bars. MACD’s green histogram receded and a red histogram was visible. 

If TRX moves north again, it might retest the $0.104 and then the $0.108 price resistance levels.  

MATIC

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TRON, MATIC and Compound Price Analysis: 04 September
MATIC/USD, TradingView

MATIC pictured consolidation and was priced at $1.46 after registering a 1.2% hike over the previous day. At its press time price level, MATIC stood few notches below its weekly high. The immediate support level for MATIC was at $1.38 and then at $1.28. MATIC hasn’t traded below the $1.28 level in almost three weeks. 

Technicals were positive, at the time of writing. Buying pressure noted an uptick and the Relative Strength Index stood above the mid-line. Awesome Oscillator flashed green signal bars. Bollinger Bands were converging somewhat and noted low volatility.

In the event of MATIC breaking its rangebound movement on the upside, it might revisit its weekly high of $1.53. Then, it might attempt to topple its three-month high of $1.70. 

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In a recent update, Coinbase decided to integrate Polygon’s scaling solution. This could have an impact on MATIC’s price going forward. 

Compound [COMP]

TRON, MATIC and Compound Price Analysis: 04 September

COMP/USD, TradingView

COMP declined by 2.3% over the last 24 hours and was trading at $462.21. It traded close to the immediate support price line of $456.76. The last time COMP was close to the $456.76 price line, it fell through and traded near the support zone of $393.07. 

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Relative Strength Index was inside the bullish territory, above the 50-mark. However, it threatened to fall below it. The MACD flashed red histograms which signified a price drop. Conversely, capital inflows remained high as the Chaikin Money Flow was well above the half-line. 

A price reversal could push COMP to challenge its weekly high of $488.80 and then retest the multi-month high of $519.37.

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