Compound Price Prediction – COMP Price Estimated to Drop to $33.58 By Dec 14, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Compound is up 4.42% today against the US Dollar
  • COMP/BTC increased by 3.29% today
  • COMP/ETH increased by 2.96% today
  • Compound is currently trading 16.88% above our prediction on Dec 14, 2022
  • Compound gained 6.09% in the last month and is down -80.81% since 1 year ago
Compound price $ 39.25
Compound prediction $ 33.58 (-14.44%)
Sentiment Neutral
Fear & Greed index 26 (Fear)
Key support levels $ 37.59, $ 36.63, $ 36.06
Key resistance levels $ 39.12, $ 39.68, $ 40.64

COMP price is expected to drop by -14.44% in the next 5 days according to our Compound price prediction

is trading at $ 39.25 after gaining 4.42% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.31% in the same time period. COMP performed well against BTC today and recorded a 3.29% gain against the world’s largest cryptocurrency.

According to our Compound price prediction, COMP is expected to reach a price of $ 33.58 by Dec 14, 2022. This would represent a -14.44% price decrease for COMP in the next 5 days.

COMP Price Prediction Chart

Buy/Sell Compound

What has been going on with Compound in the last 30 days

Compound has been displaying a positive trend recently, as the coin gained 6.09% in the last 30-days. The medium-term trend for Compound has been bearish, with COMP dropping by -26.12% in the last 3 months. The long-term picture for Compound has been negative, as COMP is currently displaying a -80.81% 1-year price change. On this day last year, COMP was trading at $ 204.53.

Compound reached its all-time high price on May 12, 2021, when the price of COMP peaked at $ 909.34. The current COMP cycle high is $ 67.34, while the cycle low is at $ 26.36. COMP has been displaying low volatility recently – the 1-month volatility of the coin is at 2.20. Compound recorded 14 green days in the last 30 days.

Compound technical analysis for today – Dec 09, 2022

The sentiment in the Compound markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 37.59, $ 36.63 and $ 36.06, while $ 39.12, $ 39.68 and $ 40.64 are the key resistance levels.

Neutral sentiment for Compound

14 indicators are currently signaling a bullish prediction for Compound, while 13 indicators are showing a bearish forecast. With 52% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Compound.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Compound moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Compound is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 38.19 (BUY) $ 38.56 (BUY)
MA5 $ 38.25 (BUY) $ 38.27 (BUY)
MA10 $ 38.01 (BUY) $ 38.12 (BUY)
MA21 $ 38.02 (BUY) $ 38.59 (BUY) $ 51.24 (SELL) $ 51.35 (SELL)
MA50 $ 42.88 (SELL) $ 42.24 (SELL) $ 84.18 (SELL) $ 98.65 (SELL)
MA100 $ 49.17 (SELL) $ 47.55 (SELL) $ 240.33 (SELL) $ 162.34 (SELL)
MA200 $ 50.97 (SELL) $ 64.71 (SELL)
Period Value Action
RSI (14) 46.69 NEUTRAL
Stoch RSI (14) 81.10 SELL
Stochastic Fast (14) 75.01 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 21.46 NEUTRAL
Awesome Oscillator (5, 34) -1.59 NEUTRAL
Momentum (10) 1.34 NEUTRAL
MACD (12, 26) 0.49 NEUTRAL
Williams Percent Range (14) -24.99 NEUTRAL
Ultimate Oscillator (7, 14, 28) 57.11 NEUTRAL
VWMA (10) 38.04 BUY
Hull Moving Average (9) 38.47 BUY
Ichimoku Cloud B/L (9, 26, 52, 26) 39.35 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Compound is at 46.69, suggesting that COMP is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Compound over the last 50 days. Currently, Compound is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the COMP closing price for the last 200 days. COMP is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Compound prediction

After considering the above factors, we can conclude that the current forecast for Compound price prediction is Neutral. COMP would have to decrease by -14.44% to hit our $ 33.58 target within the next five days. Moving forward, it will be important to monitor the COMP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Compound price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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