COMP has bounced up from the 20-day Bollinger lower band, following four straight bearish days. Upside potential capped at $140, as per IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model. COMP/USD daily chart has shown a buy signal this Monday, as per TD sequential. Prior to that, COMP has had four straight bearish sessions, during which it fell from $158.40 to $128.50. COMP/USD daily chart This Tuesday, the price has bounced up from the lower curve of the 20-day Bollinger Band. Mirroring the price, the relative strength index (RSI) has gone up slightly from 35.75 to 37. The 20-day Bollinger jaw has constricted, which indicates decreasing price volatility. COMP IOMAP IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model estimates that $141.75 plays a vital role in Compound’s trend. Transaction history shows that this is the largest resistance wall above the erstwhile DeFi leader that could reverse the upcoming bullish trend. In the $141.75-level, nearly 400 addresses are holding a little over 43,000 COMP tokens. On the downside, if the bears take back control, the drop in price could be catastrophic. The lack of healthy support walls shows that the price may drop all the way down to $129.50 under selling pressure. COMP on-chain Age consumed A spike in the age consumed graph usually triggers a sharp movement, which could be both positive or negative. As per the chart, there was a spike on 16th September, wherein the price dropped from $364.60 to $394 over the next two days. Following that, the bears dropped the price to $344.85. COMP TVL TVL or Total Value Locked is the amount of USD (and Ether) locked in DeFi smart contracts. Since September 9th, the amount locked up in Compound has gone up from $589M to $708M. As more investors lock up their stake in Compound, it makes the overall network healthier. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD Price Analysis: Bounces up from 50-day SMA FX Street 2 years COMP has bounced up from the 20-day Bollinger lower band, following four straight bearish days. Upside potential capped at $140, as per IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model. COMP/USD daily chart has shown a buy signal this Monday, as per TD sequential. Prior to that, COMP has had four straight bearish sessions, during which it fell from $158.40 to $128.50. COMP/USD daily chart This Tuesday, the price has bounced up from the lower curve of the 20-day Bollinger Band. Mirroring the price, the relative strength index (RSI) has gone up slightly from 35.75 to 37. The 20-day… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.