ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

DOTUSD Polkadot

7.29
0.050 (0.69%)
04:56:15 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Polkadot DOTUSD Crypto 9,731,051,405 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.050 0.69% 7.29 7.29 7.29
High Price Low Price Open Price Prev. Close 52 Week Range
7.31 7.21 7.26 7.24 3.56 - 12.01
Exchange Last Trade Size Trade Price Currency
GDAX 04:56:11 2.85 7.29 USD
Price x Volume Volume Base Symbol Related Pairs
1,374,839.55 188,757.38 DOT DOTEUR DOTGBP DOTBTC

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

23/09/2022 9:11pm

NEWSBTC


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) Related Reading: PoW Tokens Take A Hit: Ravencoin and Ethereum Classic Crash Over 20% Compound (COMP) Price Analysis On The Weekly Chart  Despite a drop in price from $850 to $30, a drop of more than 70% from its all-time high. COMP’s price showed great strength as it rallied from its weekly low of $30 to a high of $60 before failing to break above that region to higher heights. The price of COMP has remained in a range as it is unable to break above a weekly resistance of $66 in order to trend higher to a region of $80. To have a better chance of trading higher, the COMP price must break and close above $66. The price of COMP has formed an uptrend line that is acting as support; flipping this area of resistance into support will signal a more relief bounce for the price of COMP. If the price of COMP fails to break through this key resistance region, we may see the price of COMP range within this channel or retest the $40 and lower support and demand zone for more buy orders. Weekly resistance for the price of COMP – $66 Weekly support for the price of COMP – $40. Price Analysis Of COMP On The Daily (1D) Chart The daily timeframe for COMP prices is still strong, with prices ranging in an asymmetric triangle with high volume. Despite being rejected from a high of $65, the price has remained in a range forming an asymmetric triangle, with volume increasing in anticipation of a major breakout. On the daily timeframe, the price of COMP is currently trading at $61, above the 50 Exponential Moving Average (EMA), which acts as a support for the price of COMP, and below the 200 EMA, which acts as resistance for the price of COMP. The price of $54 corresponds to the 50 EMA support, while the price at $80-$86 corresponds to the resistance. The price of COMP needs to break above this resistance to rally high. The Relative Strength Index (RSI) for COMP is above 60 on the daily chart, indicating more buy order volume.  Daily resistance for the COMP price – $66. Daily support for the COMP price – $54-$45. Related Reading: Polkadot Suffers 10% Weekly Loss On Hawkish Fed – Time To Buy DOT? Featured Image From zipmex, Charts From Tradingview 

1 Year Polkadot Chart

1 Year Polkadot Chart

1 Month Polkadot Chart

1 Month Polkadot Chart

Your Recent History

Delayed Upgrade Clock