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
The Compound token’s price action has seen some bullish corrections. It all started in the previous session; however, the gains in today’s trading activities so far seem to have gained more traction. Signs emanating from trading indicators suggest that the market may be making some impressive movements.
COMP Statistics:
Current COMP Value: $56.28
Compound Market Cap: $465,346,490
Compound Circulating Supply: 8,114,668
COMP Total Supply: 10,000,000
COMP CoinMarketCap Rank: 144
Key Price Levels:
Resistance: $60.00, $70.00, and $80.00
Support: $50.00, $40.00, and $30.00.
Price Action in the Compound Daily Market Is Crossing Some Important Landmarks
Today’s trading activity so far in the COMPUSDT market suggests that bulls may have found a strong footing. It all started in the previous session when a minimal upside correction occurred around the $55.00 mark. As of the time of writing, the market has advanced through the $56.00 mark.
The last price candle has placed the token above all the Guppy Multiple Moving Average (GMMA) lines. Meanwhile, a bullish crossover can be seen on the Stochastic Relative Strength Index (SRSI) indicator. Although the upside correction still seems to be mostly developing, signs emanating from technical indicators are encouraging. Consequently, traders might want to set their trades using crypto signals targeting higher price levels.
COMP Hopes of Recording More Profits Are Increasing
With the price action on the Compound 4-hour market rising above the two sets of the GMMA indicator lines, bullish hopes are gaining traction. The corresponding price candle to the ongoing session can be seen placing the price above the crossing lines of the GMMA indicator lines. As a result, the market may be further propelled higher.
Simultaneously, we can see that SRSI indicator lines are rising into the overbought region, with the indicator lines now above the 70 marks. The bulls are securing their footing. Consequently, this may move closer to the $60.00 mark.
Trade crypto coins on AvaTrade
- 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
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
