Compound (COMPUSD) Price Volume Is Set to Surge Upward
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COMPUSD Analysis – Price Volume Is Set to Surge Upward
COMPUSD Price volume is set to surge upward. The price has successfully broken through the $57.300 important level as the opening price for today is around $59.950. The bulls are therefore looking for more buying opportunities. Since the buyers have already overcome the resistance structure of $57.300, there is a high tendency for more bullish actions above this key zone now. Price volume is therefore predicted to expand in the daily time frame.
COMPUSD Key Zone
Resistance Levels: $57.300, $174.100
Support Levels: $26.100, $43.800
The bearish momentum that started at the key support level of $174.100 and continued all the way down to $26.100 contributed to the buying pressure that pushed the COMPUSD price higher. On the other hand, this identifies a massive and severe drop in price tendency in the COMPUSD market. After the price fell, it was observed that buyers gave a boost to the volume of trading, with buyers buying from the critical level of $26.100.
The buying potential broadens after first passing through the critical zone located around $43.800 and then arriving at the 57.300 level. Before we now see buying opportunity over the $53.700 key zone, the accumulation that had been taking place on the market started to play out. On the daily chart, the Parabolic SAR (Stop and Reversal) indicator reveals that there is still the possibility of purchasing the COMPUSD currency pair. Also, the price oscillator shows that buyers still have the most power over the price trend.
Market Expectation
COMPUSD buyers are already picking up the price momentum and expect much advancement in the coming hours. The Parabolic SAR indicator is now following a bullish trend as momentum increases on the 4hr chart. More buying tendency is expected above the $57.300 price zone.
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