- The COMP price trading inside a parallel channel of an uptrend movement over the daily price chart.
- De Krypto Verméigen bewegt sech iwwer den 20 an 50 Deeg bewegende Moyenne.
- The COMP/BTC pair is at 0.002562 which is at a gain of 2.44% in it.
The COMP price trading inside a parallel channel of an uptrend movement over the daily price chart. The uptrend movement is very discontinuous as the interruption of bears is disturbing the bulls to make a successful recovery, COMP bulls need to put some consistent efforts to make this flatting uptrend a continuous one.
The movement of COMP token is very uncertain these days as we can observe a bearish pressure over the hourly chart whereas a bullish movement over the hourly chart. The token needs to gather some buyers in order to give the price a proper uptrend movement. The bears made the price drop to the all time low and now the bulls are struggling with the recovery. Investors must wait for a proper market direction change.
The current price for one COMP token is trading at $58.50 which is at a gain of 3.23% in its market capitalization in the last 24 hrs. The token has a trading volume of 107 million which is at a little gain of 3.23% in the 24 hrs trading session and has a market cap of 420 million. The volume market cap ratio is 0.2571.
Can COMP Bulls Make a Breakout?
The COMP price is trading inside a parallel channel of uptrend movement but the movement is again and again interrupted by the bears.
Watching the MACD indicators we can observe frequent crosses between the MACD and MACD signal line indicating the repeated shift of dominance along with the support of histograms. The relative strength index is currently supporting the bullish behavior and is climbing and crossed the mark of 55. The investors need to wait for the price to get stable and a directional move as the current movement is very uncertain.
Konklusioun
d' COMP price trading inside a parallel channel of an uptrend movement over the daily price chart. COMP bulls need to put some consistent efforts to make this flatting uptrend a continuous one.The bears made the price drop to the all time low and now the bulls are struggling with the recovery. The technical indicators over the daily price chart indicate the uncertainty in the market.
Technesch Niveauen
Resistenzniveauen: $ 63.6 an $ 70
Ënnerstëtzungsniveauen: $ 46.9 a $ 40.8
Verzichterklärung
D'Meenungen an d'Meenungen, déi vum Autor uginn sinn, oder all Leit, déi an dësem Artikel genannt ginn, sinn nëmme fir Informatioun Iddien, a si etabléieren net d'Finanz, Investitioun oder aner Berodung. Investitioun an oder Handel vu Krypto Verméigen kënnt mat engem Risiko vu finanzielle Verloscht.
Source: https://www.thecoinrepublic.com/2022/08/11/compound-price-analysis-the-uncertainty-in-market-is-bothering-investors/