Compound (COMPUSD) Is Yet to be Triggered Out of Consolidation
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COMPUSD Analysis – Crypto Price continues to consolidate
Compound (COMPUSD) price is yet to be triggered out of consolidation. The market at the moment is still low on steam to escape out of the accumulation phase for some time now. We are still unsure when a sudden spike will push the crypto tendency in either direction. Nevertheless, the sellers are doing their job silently by trading price activity lower inside the consolidation phase. Selling activity is more likely to push the price back to the $48.160 key zone in the coming days on the daily chart.
COMPUSD Significant Levels
Resistance Levels- $125.540, $65.020
Support Levels- $48.160, $25.970
It has been a long time since the crypto price has made a coalition. This came into play for more than 4 months following the buying tendency to try to go against the selling strength. The sellers had a long trade as erosion was seen from the $125.540 key zone down to the $25.970 support level, which also marked the end of the bearish era at the moment on the COMPUSD price. Because of changing price focus, the bulls decided to swing upward but failed to break through the $65.020 key level of the market.
At this junction, the price movement took a new turn as the ranging moment is now seen closely since then. The crypto price has since then failed to make a breakout in either direction. The sellers are currently trading in the price section as the Stochastic RSI (Relative Strength Index) indicator is aimed at the overbought space of the market. The Money Flow Index shows us where price volume is currently heading as sellers continue to play out in consolidation 
Market Expectations
On the 4hr chart, the sellers are dropping prices and the buyers are fighting back. The stochastic is oversold as buyers are hindering selling progress downward to the $25.970 key zone in consolidation. Once the COMPUSD price breaks out of the consolidation phase, we can place a smooth order in the market.
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