cryptocurrency

Compound Price Prediction (COMP) 2022 – Will the Company be Worth $300 Soon?

  • The bullish COMP price forecast is $56.93 to $178.62.
  • COMP will also hit $300 soon.
  • The bear market price forecast for COMP for 2022 is $27.09.

In Compound Price Prediction (COMP) 2022, we use statistics, price patterns, RSI, RVOL, and many other information about COMP to analyze the future movement of cryptocurrencies.

Vehicle current market condition

according to Queen Gekko, the price of COMP is $56.74 with a 24-hour trading volume of $85,378,234 at the time of writing. However, the stock price is up by about 5.47% in the last 24 hours.

Furthermore, the company has a circulating supply of 7,267,152 companies. Currently, COMP trades on cryptocurrency exchanges such as Binance, OKX, Bybit, Mandala Exchange, and Bitget.

What is a compound (COMP)?

Composite (COMP) is an ERC-20 asset that allows community management of the composite protocol. COMP token holders and their participants discuss, propose and vote on all protocol changes.

It aims to encourage a distributed network of computers to manage the traditional money market. Compound, one of the growing decentralized finance (DeFi) protocols, uses multiple crypto assets to provide this service, allowing lending and borrowing without the need for a financial intermediary such as a bank.

complex (COMP) Price Forecast 2022

The complex is ranked 97th in the world Queen Gekko Immediately. The COMP price forecast for 2022 is illustrated below with a daily time frame.

COMP/USDT Horizontal Channel Pattern (Source: TradingView))

The horizontal channel, or sideways trend, appears as a rectangular pattern. It consists of at least four contact points. This is because it needs at least two low points of connection, as well as two highs. Buying and selling pressures are equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing points of sale and purchase. When the price reaches the top of the channel, sell your current long position or take a short one. The difference between the other two is that the horizontal channel is characterized by having equal highs and lows.

Currently, COMP is around $56.74. If the pattern continues, COMP price could reach the $62.72 and $90.53 resistance levels. If the trend reverses, COMP could drop to $43.76.

complex (COMP) support and resistance level

The chart below shows the support and resistance level for COMP.

COMPUSDT Support and Resistance Level (Source: TradingView)

From the daily time frame above, it is clear that what follows are the resistance and support levels for COMP.

resistance level 1 USD 56.93
resistance level 2 USD 96.93
resistance level 3 $178.62
Support level USD 27.09
COMP / USDT support and resistance level

The charts show that COMP has performed an upward trend over the past month. If this trend continues, COMP may continue as the bulls break the resistance level at $178.62.

Accordingly, if investors turn against the cryptocurrency, the price of COMP could drop to around $27.09, which is a bearish sign.

complex Price Prediction 2022 – RVOL, MA and RSI

COMP’s relative volume (RVOL) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous volume of traders. Currently, the RVOL of COMP is above the cutoff line, indicating stronger participants in the current trend.

More so, COMP’s Moving Average (MA) is shown in the above chart. Currently, COMP is in a downturn. Notably, the COMP price is at the 50 MA (short-term), so it is completely bullish. Therefore, there is a possibility of a reversal of the COMP trend at any time.

Meanwhile, the Relative Strength Index (RSI) for COMP is at 54.29. This means that COMP is neither overbought nor oversold. However, this means that a major COMP price reversal may occur in the coming days. Therefore, traders need to trade carefully.

complex Price Prediction 2022 – ADX, RVI

Let us now take a look at the compound average directional indicator (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above graph represents the ADX of the complex. Currently, COMP is in the 15.99 range, so it indicates a weak trend.

From the chart above, COMP’s Relative Volatility Index (RVI). RVI measures the continuous skewness of price changes over a period of time rather than price changes. RVI for COMP is above 50 levels, which indicates that the volatility trend is high. In fact, the COMP RSI is at 54.29 confirming a possible buy signal.

COMP comparison with BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Compound.

BTC Price Comparison vs ETH Vs COMP (Source: TradingView)

From the above chart, we can identify the trend of ETH, BTC and COMP moving in the same trend level. This indicates that when the price of BTC increases or decreases, the price of ETH and COMP also increases or decreases, respectively.

Composite price forecast 2023

If the price action slows down completely and the trend reverses, the COMP will likely reach $420 by 2023.

Composite price forecast 2024

With several network upgrades, Compound (COMP) may be entering an upward trajectory. If the coin attracts the attention of major investors, COMP could rise to $510 by 2024.

Composite price forecast 2025

If Compound (COMP) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, COMP will rise to $590.

Composite price forecast 2026

If Compound (COMP) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, COMP will rise to $650.

Composite price forecast 2027

If Compound (COMP) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, COMP will rise to $720.

Composite price forecast 2028

If Compound (COMP) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, COMP will reach $900.

Composite price forecast 2029

If investors flock and continue to place their bets on Compound (COMP), this will see huge spikes. COMP could reach $990 by 2029.

Composite Price Forecast (COMP) 2030

With the significant advances in the Compound ecosystem, the crypto community may continue to invest in Compound (COMP) over the next eight years, driving cryptocurrency prices up exponentially. Thus, COMP could reach US$0.30 by 2030.

conclusion

With the continuous improvements in the compound network, we can say that 2022 is a good year for Comp. For this reason, the bullish price forecast for the compound in 2022 is $178.62. On the other hand, the bearish COMP price prediction for 2022 is $27.09.

Moreover, with developments and improvements to the COMP ecosystem, it will help COMP performance to reach an all-time high (ATH) $910.54 very soon. But, it could also reach $300 if investors think COMP is a good investment in 2022.

Instructions

1. What is a compound?

Compound (COMP) is a DeFi lending protocol that allows users to earn interest by depositing their cryptocurrency into one of the many pools supported by the platform.

2. Where can you buy COMP?

COMP is listed on several cryptocurrency exchanges including Binance, OKX, Bybit, Mandala Exchange, and Bitget.

3. Will COMP reach a new ATH soon?

With the continuous developments and updates within the COMP platform, it has a high potential to reach ATH soon.

4. What is the height current at all (ATH) for the compound?

On May 12, 2021, COMP reached an all-time high (ATH) of $910.54.

5. Is COMP a good investment in 2022?

Composite (COMP) appears to be one of the most profitable cryptocurrencies this year. According to COMP’s recorded achievements in the past few months, COMP is a good investment in 2022.

6. Can COMP go up to $300?

Composite (COMP) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this uptrend continues, COMP will hit $400 soon.

7. How much will COMP cost by 2023?

The COMP price is expected to reach $420 by 2023.

8. What is the price of COMP by 2024?

The COMP price is expected to reach $510 by 2024.

9. How much will COMP 202 . cost?5?

The COMP price is expected to reach $590 by 2025.

10. What will the price of COMP be by 2026?

The COMP price is expected to reach $650 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It is not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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