Compound Prepares For A Major Rally To $80, Here Is Why

Compound Prepares For A Major Rally To $80, Here Is Why


The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas COMP price ranges in an asymmetric triangle with high buy orders.

The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT). Despite the fact that the crypto market is in a state of flux, the Compound (COMP) price has shown tremendous strength as it attempts to break out of its trading range. (Data from Binance)

Compound (COMP) Price Analysis On The Weekly Chart 

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Despite a drop in price from $850 to $30, a drop of more than 70% from its all-time high.

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