#Comp
Compound (COMP) is currently trading at $43.94, with a 24-hour trading volume of $29,705,402.50. The price has increased by 1.07% in the past 24 hours and 1.21% in the last seven days.
*Key Metrics:*
- *Market Capitalization*: $369,698,805
- *Circulating Supply*: 6.9 million COMP tokens
- *All-Time High*: $854.48 (in 2021)
*Technical Analysis:*
- *Relative Strength Index (RSI)*: 43.11 (neutral) to 50.33 (neutral), indicating stable momentum
- *Moving Average Convergence Divergence (MACD)*: Indicates a potential bullish trend, but currently showing mixed momentum
- *Support and Resistance Levels*:
- *Support Zone*: $47-$50, formed by horizontal support and the 200-day MA
- *Resistance Zone*: $60, $80
*Trading Signals:*
- *Short-Term Signal*: Strong Sell, based on moving averages and oscillators
- *Long-Term Signal*: Potential bullish breakout above $60 or $70, with a support zone at $47-$50
*Price Predictions:*
- *Short-Term Target*: $60 or $70 if the price breaks out above the symmetrical triangle pattern
- *Long-Term Target*: Potential growth to $243 by year-end 2024, based on historical trends and Bitcoin halving effects ¹ ² $COMP