Compound Price Prediction for Today, August 22: COMP Technical Analysis

The Compound worth prediction exhibits that COMP is more likely to cross above the 9-day transferring common the place it will probably begin the bullish motion.

Compound Prediction Statistics Information:

Compound worth now – $43.3
Compound market cap – $326 million
Compound circulating provide – 7.8 million
Compound complete provide – 10 million
Compound Coinmarketcap rating – #91

COMP/USD Market

Key Ranges:

Resistance ranges: $73.0, $75.0, $77.0

Assist ranges: $14.0, $12.0, $10.0

COMP/USD is buying and selling across the resistance stage of $43.3 after touching the every day excessive at $45.17 however nonetheless consolidating beneath the 9-day and 21-day transferring averages. In the meantime, the market worth could have to cross above the transferring averages for the long-term technical image of the coin.

Compound Worth Prediction: COMP/USD Prepared for the Upside

The Compound worth could regain again above the 9-day and 21-day transferring averages as any bearish motion towards the south might carry the coin beneath the decrease boundary of the channel; this might later hit the help ranges at $14.0, $12.0, and $10.0. On the upside, a sustained bullish motion above the 21-day transferring common could create extra energy for the coin, which might push the Compound worth to the resistance ranges of $73.0, $75.0, and $77.0 respectively.

For the time being, the technical indicator Relative Power Index (14) is going through the 40-level, which signifies that the market could go bullishly. In the meantime, there could also be a necessity for help to be shaped round $41.0 and $40.0 to supply tight safety which might enable the consumers to focus on stirring motion to the north.

COMP/BTC Might Go Bullishly

In opposition to Bitcoin, the COMP worth could cross above the 9-day and 21-day transferring averages to the touch the resistance stage of 2000 SAT. Furthermore, as quickly because the coin heads towards the higher boundary of the channel, it might hit one other resistance stage of 2500 SAT whereas the technical indicator Relative Power Index (14) could cross above the 40-level.

Nevertheless, if the bulls succeeded in breaking to the upside, the COMP worth could find the potential resistance stage at 2700 SAT and above. Quite the opposite, any bearish transfer beneath the decrease boundary of the channel might carry the value to the help stage of 700 SAT and beneath.

Alternate options to Compound (COMP)

The Compound worth is at the moment forming a bullish motion because the bulls get able to push the value towards the higher boundary of the channel. Nevertheless, if the bulls preserve the upward pattern, COMP/USD could possible cross above the 9-day and 21-day transferring averages, which might hit the closest resistance stage of $55.0.

In the meantime, Wall Avenue Memes is now within the ultimate stage, and this presents you the prospect to purchase on the present low presale worth earlier than listings on exchanges. Due to this fact, over $25m has been raised up to now within the ongoing sizzling presale, which can quickly finish.

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