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Compound (COMP) Breaks Down Trend: 135 Percent Increase!
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.
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 $63.69 at the time of writing, COMP can target $70.64 and $75.41 as long as the upward trend 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. At these points, buyers can be expected to be active.
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