Compound Price Prediction for Today, September 23 – COMP Technical Analysis

The Compound value prediction is struggling to commerce close to the resistance stage of $40 because the coin retreats beneath the shifting averages.

Compound Prediction Statistics Information:

Compound value now – $39.49
Compound market cap – $314.6 million
Compound circulating provide – 7.8 million
Compound complete provide – 10 million
Compound Coinmarketcap rating – #59

COMP /USD Market

Key Ranges:

Resistance ranges: $55, $60, $65

Help ranges: $25, $20, $15

COMP/USD opens as we speak’s commerce with the opening value of $39.56, throughout the European session; the coin could drop to the help stage of $38. On the time of writing, the Compound value is altering palms at $39.49, barely down by 0.29% after a rebound from the $39.25 stage. In the meanwhile, the every day chart reveals that the technical indicator Relative Power Index (14) is hovering beneath the 50-level, which implies the coin could possibly be weak to additional losses.

Compound Value Prediction: Will COMP see a Additional Draw back?

In keeping with the every day chart, if the sellers carry the Compound value beneath the every day low at $39.25, the following help stage might head towards the decrease boundary of the channel and an additional draw back could come to play out throughout the market within the adverse strikes.

Furthermore, if the $38 help breaks, additional help ranges could possibly be situated at $25, $20, and $15 whereas the resistance ranges could possibly be discovered at $55, $60, and $65 in case the Compound value crosses above the channel. Nonetheless, the technical indicator Relative Power Index (14) might slide beneath the 40-level, if the market efficiently features extra downsides, the elevated bearish strain might drive the Compound value towards the decrease boundary of the channel.

COMP/BTC Might Vary-bounds

In opposition to Bitcoin, merchants can see that the Compound value could comply with a bullish motion. Nonetheless, if the worth crosses above the higher boundary of the channel, it might attain the resistance stage of 1500 SAT the place the closest goal is situated. In the meantime, the continuation of the uptrend might hit the primary resistance stage at 2000 SAT and above.

However, if the sellers carry the coin beneath the 9-day and 21-day shifting averages, it might attain vital help at 1000 SAT and beneath. Nonetheless, the Relative Power Index (14) is now shifting in the identical route, indicating sideways motion.

Alternate options to Compound

The every day chart reveals that the Compound value might transfer bullishly, however the Relative Power Index (14) traces foretell that the coin might comply with a sideway motion. It reveals that the pattern is at its terminal, shifting beneath the 50-level, which means that the energy of the pattern is at its finish.

Nonetheless, the Wall Road Memes token has reached its conclusive stage, granting traders the chance to accumulate it on the present presale value earlier than it turns into out there on exchanges. In the meantime, it has already raised over $25 million in its presale because it anticipates its official launch within the coming days.

Ends Quickly – Wall Road Memes

Early Entry Presale Dwell Now
Established Neighborhood of Shares & Crypto Merchants
Featured on Cointelegraph, CoinMarketCap, Yahoo Finance
Rated Greatest Crypto to Purchase Now In Meme Coin Sector
Crew Behind OpenSea NFT Assortment – Wall St Bulls
Tier One Trade Listings September 27
Tweets Replied to by Elon Musk