Comp-token increases by 11.03 % in the last 24 hours after investors had previously worried

Comp-token increases by 11.03 % in the last 24 hours after investors had previously worried

The native token of the Defi credit protocol Compound Finance, Comp, has attracted a lot of attention in the last 24 hours after it has increased by 11.03 %. This price increase has come after a few price declines in the past few days, which may have triggered concern with investors.

in the third week of June, comprodent an upward trend and reached a maximum of $ 69.15. After that, however, the token got under sales pressure and lost 9.63 % of his market value in the last week before recently climbing again. It is possible that this price increase will continue because the relative strength index shows that the current price upward trend has not yet been completed. In addition, the MACD line has just exceeded the signal line, which is also interpreted as a bullish signal.

However, Compr is met with great resistance in the price zone of $ 70. If this resistance is broken, the token could resume its upward trend. Otherwise it will probably fall to $ 50 and test this level again.

COMP is currently being traded at $ 58.62 and has a decrease of 0.60 % in the last hour. The daily trade volume of the token has increased by 216.75 % and is estimated to be $ 136 million.

While Compravers records profits, the rest of the cryptoma market records slight losses. The entire cryptoma market capitalization has dropped by 0.77 %. Bitcoin and Ethereum, the two leading cryptocurrencies, also record price declines of 0.60 % or 0.56 %. Other well -known cryptocurrencies such as Dogecoin, Solana and Litecoin also lose value.

It remains to be seen how Comp and the cryptom market will develop and whether Comp will be able to break through its resistance at $ 70 and continue its upward trend.