CompoundShort
COMP looking over bought, might test support at $675~
COMP volume has diminished in the last few days leading those who bought at $450 support band to take large profits. I expect a test of support at $675. Invalidation of bulls at $675 could push the price down to $500. Otherwise support could gather at $675 for the eventual push to $1000.
Overall price outlook looks good for COMP because Ethereum has surged in price.
The compound protocol continues to attract more users and has a factor more assets in its markets compared to competitors like (AAVE), (XVS), and (NEO).
Overall price outlook looks good for COMP because Ethereum has surged in price.
The compound protocol continues to attract more users and has a factor more assets in its markets compared to competitors like (AAVE), (XVS), and (NEO).
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