NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

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

jamesobande
jamesobande
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • 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

Daily COMP Price Chart | Source: COMPUSDT On Tradingview.com

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 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Best Altcoins to Buy as XRP Liquidations Scare Traders

Top Altcoins to Watch as XRP Liquidations Shake the Market

A sudden 4,455% spike in $XRP’s hourly liquidation imbalance just wiped out $8.14M in bullish bets, and the market’s feeling...

Aaron Walker 2 hours ago
bitcoin stijgt, bitcoin all time hight, trump bitcoin, hoeveel kan bitcoin waard worden

Crypto ETF bedrijven kopen $4 miljard aan Bitcoin in 4 dagen – enorme kans voor Bitcoin Hyper

De grote institutionele vraag naar Bitcoin bereikt nieuwe hoogten. Volgens data van BeInCrypto en TradingView hebben grote crypto ETF uitgevers...

Lars Diederiksen 3 hours ago

Prezzo Oro a 4.000 $ Mentre Bitcoin Cresce– PEPENODE Sarà la Prossima Crypto a Esplodere?

Il prezzo dell’oro è arrivato a oltre 4.000 $ oggi— e questo potrebbe dare il via alla prossima grande corsa...

Orfeo Barone 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Infographie : ATH de Bitcoin et or à 4 000 $, points clés de la nuit du 6–7 octobre 2025

Bitcoin explose son ATH, l’or s’envole à 4 000 $ : Résumé de la nuit du 6 au 7 octobre 2025

guillaumev 22 minutes ago
Graphique explicatif : comment Grayscale intègre le staking à ses ETF spot sur Ethereum et Solana

Staking dans des ETF spot : l’initiative de Grayscale sur ETH/SOL est-elle pérenne ?

guillaumev 52 minutes ago
Top meme coins

Top meme coins – Cum arată scena crypto în octombrie 2025?

antonio 2 hours ago

Premium Sponsors

Press Releases

  • Ďalšia kryptomena, ktorá môže vystreliť: DeepSnitch AI môže zmeniť 500 USD na 250 000 USD, zatiaľ čo Token 6900 a Solaxy posilňujú svoju pozíciu

    Ďalšia kryptomena, ktorá môže vystreliť: DeepSnitch...

    56 minutes ago
  • A következő kriptovaluta, ami berobbanhat: a DeepSnitch AI 200 000 Ft-ot 100 000 000 Ft-ra változtathat, miközben a Token 6900 és a Solaxy erősítik pozíciójukat

    A következő kriptovaluta, ami berobbanhat: a DeepSnitch...

    57 minutes ago
  • Następna kryptowaluta, która może wystrzelić: DeepSnitch AI może zamienić 2 000 zł w 1 000 000 zł, a Token 6900 i Solaxy umacniają swoją pozycję na rynku

    Następna kryptowaluta, która może wystrzelić...

    59 minutes ago
  • ドージコイン 今後 の価格予測:Uptoberの勢いが次なる有望ミームプロジェクトを浮上させる

    ドージコイン 今後...

    3 hours ago
  • リップル 今後:3ドル付近で価格が圧縮、次の大きな動きを示すチャート分析

    リップル...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.