COMP Price Performance and Relative Strength

Compound COMP

Current Price

$32.89 +3.24%

$4.04 Daily Range (12.28%)

$31.43$35.47

$85.61M Daily Volume

938 BTC

Vol/MktCap: 26.93%

Resistance Zone

HTF: 55 (Neutral)

Market Performance

+2.85% 0.0004 BTC

+2.28% 0.0109 ETH

+3.27% 32.89 USDT

+3.88% 15.02 XRP

+0.85% 0.0368 BNB

0.22% Relative BTC Volume

The total volume of Compound is $85.61M over the past 24 hours, compared to $38.40B total Bitcoin volume.

Hourly Moving Average

8 SMA $32.62 +0.81%

13 SMA $32.86 +0.11%

21 SMA $32.57 +0.98%

55 SMA $32.32 +1.76%

144 SMA $30.93 +6.32%

-0.04% 1 Hour Change

$32.89 from $32.90

+13.75% 7 Day Change

$4.52 from $28.37

+2.31% 14 Day Change

$0.7603 from $32.13

-6.55% 30 Day Change

-$2.16 from $35.05

May 12, 2021

$910.54 -96.39%

-$877.67 vs. now

$317.88M Market Cap

3,482 BTC

24H Change

10.19M USD +3.31%

112 BTC

Total Supply: 10.00M COMP

9.67M COMP Available

96.68% 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

0.50 x BTC Supply

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

2.56M COMP traded over past 24 hours

26.47% 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 $32.95, reflecting a 4.61% increase over the last 24 hours. The daily price range of $31.43 to $35.47 indicates a moderate level of volatility, with a 24-hour trading volume of approximately $85.74 million, which corresponds to 26.93% of its market capitalization.

Technical indicators suggest a bullish sentiment in the short term. The 1-hour RSI stands at 57, indicating a slight bullish momentum, while the 7-day RSI of 56 supports a neutral to bullish outlook. The moving averages show positive trends; the 8 SMA is flat at $32.95, while the 55 SMA at $32.06 indicates increasing strength over the short to medium term.

From a fundamental perspective, COMP's recent price movements reflect an upward trend, with a notable 14.07% price increase over the last week. However, the 30-day price change of -6.23% indicates that the asset has experienced downward pressure in the longer term, suggesting a cautious approach to potential investors.

Given the current upward momentum supported by technical indicators and the recent price performance, a bullish outlook is warranted for COMP. However, the longer-term trend shows some weakness, warranting a more cautious stance.

In conclusion, the recommendation for Compound (COMP) is a Buy. The current technical indicators, coupled with the recent price recovery, suggest potential for short-term gains, while the longer-term outlook necessitates monitoring for any signs of reversal.

Updated 187 minutes ago.