COMPUSD Price Appears to Be Attracted by Buyers
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COMPUSD Analysis – The Buyers Seemed to Be Attracted Back to the 64.010 Key Zone
COMPUSD price appears to be attracted by buyers as they are determined to trade up to the 64.010 key zone. The buying sense is currently being attracted back to the 64.010 key zone as we expect the buying tendency to flood the COMPUSD price. As the momentum indicator indicated that market makers were weak, no significant changes in price direction were observed on the COMPUSD. The buy and sell merchants have been observed to be silent since a few months back.
COMPUSD Price Levels
Resistance Levels: 126.300, $64.010
Support Levels: $42.300, $25.740
For more than two months now, the price has been maintaining the consolidation level between $64.010 and $42.300. The buyers had initially been involved in causing the crypto market to rise. But somehow, their attempt has proven to be held back by the resistance level of 64.010, where price consolidation takes place. This could still be a result of the major impact caused by the sellers of the COMPUSD. They appeared to drop price action from the market’s height of the $126.30 order block.
The COMPUSD sellers moved the price with a lot of bearish strength. Their aggressive drop in the market made it quite uneasy for buyers to efficiently pick up market action above the $42.300 key zone. The buy traders made the first attempt and failed. However, they are already attracted again to moving up despite being in the consolidation zone. The (Relative Strength Index) RSI is leading buyers as we anticipate room for buying prospects on the daily chart.
Market Expectations
The buying response is still positive in the crypto market as we expect a further increase in price momentum. The 4-hour chart remains solid, with more buying pressure expected to play out at the $64.010 key zone.
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