COMP Price Performance and Relative Strength

Compound COMP

Current Price

$45.11 +2.49%

$4.83 Daily Range (10.71%)

$44.01$48.84

$169.68M Daily Volume

1,616 BTC

Vol/MktCap: 41.38%

Neutral

HTF: 52 (Neutral)

Market Performance

+3.02% 0.0004 BTC

+1.86% 0.0172 ETH

+2.51% 45.11 USDT

+4.07% 20.41 XRP

+1.55% 0.0677 BNB

0.65% Relative BTC Volume

The total volume of Compound is $169.68M over the past 24 hours, compared to $26.25B total Bitcoin volume.

Hourly Moving Average

8 SMA $46.53 -3.05%

13 SMA $46.13 -2.21%

21 SMA $45.49 -0.85%

55 SMA $43.20 +4.43%

144 SMA $41.72 +8.14%

-1.09% 1 Hour Change

$45.11 from $45.61

+7.78% 7 Day Change

$3.51 from $41.60

+3.49% 14 Day Change

$1.58 from $43.53

+15.83% 30 Day Change

$7.14 from $37.97

May 12, 2021

$910.54 -95.03%

-$865.29 vs. now

$410.00M Market Cap

3,905 BTC

24H Change

10.18M USD +2.55%

97 BTC

Total Supply: 10.00M COMP

9.08M COMP Available

90.83% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

0.48 x BTC Supply Icon

0.5:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

3.65M COMP traded over past 24 hours

40.24% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Compound AI Market Analysis

Compound (COMP) is currently trading at $46.09, reflecting a notable 9.67% increase in the last 24 hours. The daily price range shows a low of $42.02 and a high of $48.84, indicating strong volatility and investor interest in the asset.

Trading volume stands at $243,080,371, representing 58.07% of the market cap, which suggests significant liquidity and active market participation. The hourly moving averages are bullish, with the 8 SMA at $45.63 and the 21 SMA at $44.81, both indicating upward momentum.

The 1-hour RSI of 64 suggests that COMP is nearing overbought conditions, while the 7-day RSI at 54 indicates a neutral position in the short term. The recent price changes demonstrate a solid uptrend, with a 30-day increase of 17.65%, reinforcing the positive momentum.

Despite its distance from the all-time high of $910.54, the current price is showing resilience and recovery, supported by strong volume and positive technical indicators. Given the bullish moving averages and the relatively healthy RSI levels, the momentum is likely to sustain in the near term.

Considering the current data, the recommendation is to "Buy" COMP. The strong daily price action, coupled with a solid volume and favorable technical indicators, suggests potential for further upside in the near term.

Updated 356 minutes ago.