Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Price action in the compound market has regained significant upward traction after consolidating for a while. As it stands, the market continues to near the $50.00 price mark and may even advance through it.
COMP Statistics:
Compound Value Now: $48.24
COMP Market Cap: $379,759,087
Compound Circulating Supply: 7,878,287
Compound Total Supply: 10,000,000
COMP CoinMarketCap Ranking: 81
Major Price Levels:
Top: $48.24, $50.00, and $51.50
Base: $48.00, $47.00, and $46.00
Compound Bulls Prepares to Deliver More Upside Thrust to Price Action
Trading activities in the Compound daily market have witnessed significant price increases today. Yet, technical indicators in this market still point to the possibility of experiencing even more increases. The ongoing session has seen price action rise through the uppermost band of the Bollinger Bands indicator following a contraction in the indicator.
Consequently, this has placed the market above the $48.00 mark. Meanwhile, the Relative Strength Index (RSI) indicator has delivered a bullish crossover above the level of 80. Consequently, the crossover on the RSI strongly hints that more price increases may be witnessed.
Price Action Begins, Facing Rejection above the $48.00 Mark
The significant price increase in the COMPUSDT seems to have drawn the attention of some traders who bought into the market during its consolidation period near a three-month low. This has caused the token to experience some rejection at this point. However, the previous gains have been so significant that the current incurred losses still appear overwhelmed by the previous gains. Furthermore, the RSI lines can be seen converging in the overbought region for a trend reversal move. Nevertheless, traders can still keep their target at the $50.00 mark, from a daily market perspective.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus