Compound Price Analysis: Is COMP Coin Price Ready To Move Above The $1000?
- COMP coin price has been in an upside parallel channel and can soon see a strong push to a new high. Meanwhile, the asset has seen a jump of more than 6% in the intraday session
- Compound price upside trend may face a threat near $300 in the future. Meanwhile, COMP/BTC pair is also up by more than 7% in the intraday session.
COMP coin price is currently in a solid upthrust and can soon reach a new high in the future. COMPOUND coin cost is at present trading near the worth of $230 with an upside of over 6.5%. The coin cost has been beneath the 50 and 100 Daily Moving Average. The 50DMA line is close to the worth of $245 and can act as a brief opposition for the cost. The upside momentum of the COMP may face a threat near $300. One ought to do their due steadiness prior to putting resources into the Compound.
COMP token is at present positioned 79th in the crypto verse and has a market predominance of over 0.1%. The volume of the coin has likewise seen an upside of over 7% in the intraday session. The volume to market cap proportion of the resource proposes a downside force of the coin. On the off chance that the proportion outperforms over 0.8 then a strong trend in the COMP can be seen.
Technical Indicators Of COMP Coin Price Are In Favor Of Bulls
The week after week upside trend of the COMPOUND suggests a strong upside move in price. On coming to the day-by-day outline, the asset is currently in a strong parallel zone. Assuming the coin value falls then a bounceback near the level of $200 can be seen. The stockpile zone of the coin cost can see a continuation for the weeks. COMP/BTC pair can see a strong upside trend in the future.
COMP coin price is currently seeing a strong upside move and can soon see a new high in the future. COMP/BTC pair can see a strong move and reach a new high.
Major Resistance: $300