Low Compound (COMPUSD) Volatility Accounts for Continuous Drop In Price
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Compound Analysis – Compound Keeps Falling on Account of Low Volatility
Low Volatility on Compound accounts for its dwindling market. COMPUSD has endured a low market state for long periods from its inception. This can be seen in how the coin wasn’t making any bullish progress or bearish regress for that matter.
By the 1st of January 2021, the low volatility on COMPUSD gradually started increasing, and it rose steadily till the 3rd of February 2021 when there was a surge upwards in volatility. The market jumped from $336.300 to $547.500 key level. Despite the increase in volatility, the market met strong resistance at the $547.500 key level. Compound often used $453.600 as support to keep testing the $547.500 resistance till it finally broke through it on the 23rd of April 2021 using an ascending channel. 
A further increase in volatility pushed the market to break out of the ascending channel, reaching for higher prices. At this point, buyers became exhausted ceding power to the seller who immediately with even more volatility drew the market down. By the time the price had fallen back to $336.300 where strong volatility started, the volatility began to dwindle. The coin also used $453.600 this time as resistance to keep testing the $336.300 key level. By the 11th of June, Compound finally broke lower of the $336.300 key level.
With low volatility on parade again, Compound is almost back to where it began. The ATR (Average True Range) indicator shows that the coin had fallen from the volatility of 117 all-time high to 49.60 which is a 57.60% volatility decrease. The Parabolic SAR (Stop and Reverse) indicator shows that the price is on descent with 11 dots displayed above the daily candles.
COMPUSD Key Levels
Resistance Levels: $547.500, $453.600, $336.300
Support Levels: $211.200, $130.400, $62.60
What to Expect as Compound Displays Low Volatility
There have been series of retracements, but the market generally remains on a descent. The sellers have profited more from Compound continuous low volatility and the market is set to fall even more with the steady decline of the volatility. 
The ATR on the 4-hour chart is at 12.29 currently, which is more than an 80% decrease in the past month. The Parabolic Stop and Reverse indicator is firmly stationed above the candles signaling selling activities.
The market is expected to keep falling except with the infusion of more volatility. Price is set to go beyond $211.100 support and touch down on the $130.400 support.
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