COMP Technical Analysis - Will COMP Buyers Hit $180 Mark?

Today's live COMP token price was $154.37 at 05:30 GMT, with an intraday trading volume of $251.18 Million. The coin price has increased by 16.89% in the last 24 hours. With a live market cap of $1.034 Billion, COMP remains among the Top100 coins in the crypto-verse.

 

The price of COMP coin fell by 32% in a span of ten days, which resulted in a 50 and 100-day EMA decline before finding support around $115. With the announcement of Compound being listed on Robinhood, the Robinhood platform, buyers swarmed at $115 which resulted in 28% inflation. The reversal has surpassed the 100-day EMA and results in a bullish engulfing candle on the daily chart.

 

Let’s have a deeper insight into the technical analysis of the COMP token and see what the indicators have to say about it.

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