- COMP / USD is currently at $ 46.40, down 2.16% over the past day.
- Trading volume has decreased by 1.06% in the last day
- Momentum is on the side of the Bulls
Short-term view: Despite the losses over the past day, the bullish momentum remains strong
Today’s combined price is $ 46.40 and the 24-hour trading volume is $ 115,414,114. COMP coins have fallen 2.16% in the last 24 hours. Trading volumes have been fairly stable over the past day, with only a slight decline. The ratio of volume to market capitalization is 0.3475 for altcoin.
Compound Prices have shown a remarkable rise over the past month, demonstrating that assets have been successful in trying to get rid of bears. The combined price is above 50 SMA on the 4-hour chart, but slightly below 20 SMA. This is a situation that has arisen as a result of today’s pricing behavior. If the general trend continues, the COMP coin will run with the Bulls and overtake the $ 50 resistance. Conversely, if investors oppose assets, bears could take over and push COMP coins out of the uptrend position. Simply put, compound prices can plummet to a support level of $ 40, which is a bearish signal.
Long-term outlook for combined prices
Despite a slight drop in prices over the past day, sentiment towards COMP coins remains bullish, technical indicators point out. The RSI is currently trading at 47.51 and appears to be above the midpoint. This is typical of a bullish tendency and reinforces a bullish hand. On the other hand, the green histogram is fairly stable on the daily chart, suggesting that COMP Coin is currently in the integration period before starting the staging of the rally. MACD and signal lines are also rushing into the positive territory.
Conclusion
Despite the fall in compound prices over the past day, market sentiment remains bullish. Therefore, assets can be expected to continue to move forward, with further profits expected in the coming days.
support: $ 40
resistance: $ 50
Disclaimer
The views and opinions expressed by the author or the person described in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.
