Compound COMP price rose from the dead)
Updated
The Compound project was fundamentally quite strong when it was sold / presented to crypto market participants)
However, over the 2 years of being in a downward trend, the price of the COMP token has fallen 39 times from a high of $910 to a low of $23.
And now, in the last two weeks, a miracle has happened, the price of CompUSDT has come to life and is showing steady growth. Moreover, it is catching up with the crypto market, which started growing much earlier.
Currently, looking at the chart, we do not believe that the CompUSD price will break through and consolidate above the strong resistance zone above $55-65 at the first attempt.
Unless you have an insight as to why the COMP price should grow non-stop right now, then please share it in the comments)
In all other cases, we consider it safe to buy COMPUSDT only when the price is firmly established above $65
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However, over the 2 years of being in a downward trend, the price of the COMP token has fallen 39 times from a high of $910 to a low of $23.
And now, in the last two weeks, a miracle has happened, the price of CompUSDT has come to life and is showing steady growth. Moreover, it is catching up with the crypto market, which started growing much earlier.
Currently, looking at the chart, we do not believe that the CompUSD price will break through and consolidate above the strong resistance zone above $55-65 at the first attempt.
Unless you have an insight as to why the COMP price should grow non-stop right now, then please share it in the comments)
In all other cases, we consider it safe to buy COMPUSDT only when the price is firmly established above $65
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Trade active
It seems that COMPUSDT is trying to gain a foothold above the strong liquidity zone. This means that there is a good chance that the white scenario will work out, so it's time to grow!)
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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