Compound (COMP) Breaks Down Trend: 135 Percent Increase!


Compound (COMP), breaking the falling trend since February 21, showed a total rise of 136 percent.
Compound (COMP), breaking the falling trend since February 21, showed a total rise of 136 percent.
Trading below the downtrend for more than 4 months, COMP broke the trend and exploded on June 25. With an increase of 135.17 percent in just one week, COMP has become one of the most popular coins in recent days. In addition, it has risen close to 20 percent in the last 24 hours, becoming the most valuable coin of the day. Can the rises on the COMP side be permanent? How is COMP's current graph?
Compund (COMP) Graphics Analysis
Attacking upwards at $30, COMP finally managed to break the downward trend that has been going on for more than 4 months. The popular coin, which was on the rise quickly, managed to reach $ 70.64 by exceeding the resistance points in volume. Priced at $64.25 as of the writing of the news, COMP can target $70.64 and $75.41 as long as the upside continues.
If COMP, with the wind behind it, loses this momentum, it may see a big selling wave due to its rapid rise. Support values to watch for COMP are 58 – 51.36 – 45 – 38.87 and 35.23 dollars, respectively. Buyers can be expected to be active at these points
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SAVASvip
· 2023-07-03 17:46
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