Compound

Resistance

<ul class="list-ic vertical"><li><span>1</span><a rel="noopener noreferrer nofollow">Compound crypto prices decreased by 9.41% over the past seven days.</a></li><li><span>2</span><a rel="noopener noreferrer nofollow">Compound crypto price is currently trading at $36.45 with a rise of 1.65% in the last 24 hours.</a></li></ul><p>Compound crypto is trading under the key exponential moving averages within the bear’s grasp. The price is facing resistance from the 50 and 200 EMAs at present on the daily timeframe. The price is facing substantial selling pressure in the supply zone which indicates that bears may push its value down further in the near future.</p><p>Compound price prediction indicates that the Compound crypto may see further depreciation in its value within the next few months. Presently, Compound price is down by 9.41% over the past 7 days and according to the price action, it is facing bearish pressure.</p><p>At present, the bears are in charge of the trend where they are maintaining firm command over the price action, although the bulls attempted to take control. Despite the bullish optimism, the buyers were unable to break above 50 and 200 EMAs, and bears regained supremacy over the price action on the 1-day chart.</p><p>The technical indicators suggest that bears have an edge over the price action. The price pattern, oscillators, EMAs, and volume are giving similar signals.</p><p>At the time of writing, COMP was trading at $36.41 with an intraday gain of 1.53%, signaling bearishness. Moreover, the trading 24-hour volume is 3.847K and the last 10 days average trading volume is $9.184K.</p><h2 class="wp-block-heading" id="strong-technical-analysis-of-compound-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Compound Crypto Price in 1-D Timeframe</strong></h2><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-314-1024x466.png" alt="Compound Crypto: Will COMP Break Below the $30 Level?" class="wp-image-167258"><figcaption class="wp-element-caption"> Source: Compound.1D.USD by TradingView </figcaption></figure></div><p>At the time of publishing, Compound <a href="https://www.thecoinrepublic.com/2023/09/11/pepe-price-prediction-will-pepe-crypto-rise-from-ashes/" rel="noopener noreferrer nofollow">crypto</a> (USD: COMP) was trading above the 50 and 200-day simple moving averages, which are supporting the price trend.&nbsp;</p><p>However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the COMP price is expected to move downwards giving bearish views over the daily time frame chart.</p><p>The current value of RSI is 26 points. The 14 SMA is above the median line at 30 points which indicates that the Compound crypto is bearish. The MACD line at -3.16 and the signal line at -3.28 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the COMP crypto price.</p><h4 class="wp-block-heading"><strong>Summary</strong></h4><p>Compound (USD: COMP) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the COMP crypto price. Compound price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The current scenario requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.</p><h4 class="wp-block-heading"><strong>Technical Levels</strong></h4><ul><li><strong>Support Levels: </strong>S1 27.87, and S2 14.62.</li><li><strong>Resistance Levels:</strong> R1 48.69, and R2 61.94.</li></ul><h5 class="wp-block-heading"><strong>Disclaimer</strong></h5><p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

Compound Crypto: Will COMP Break Below the $30 Level?

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