Compound (COMP)

29 Haz 2023

Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and as a result, its price value, as well as volume, increased too. Now, we have to wait and see if the price can break this triangular pattern or not, for continuation.

2 Tem 2023

Not

It seems Compound upward momentum is strong and price is trying to break above the current triangular pattern. After that, there is a horizontal resistance area that price will face and need to get pass it in order to continue upward. Let's see what happens.

4 Ara 2024

İşlem aktif

So, COMP broke out of oscillating area and is going up. Currently, COMP is passing through a major horizontal resistance area. If successful, and breaks the following line too, further rise is possible. Let's see what happens.