COMP is currently trading at $152 and has established a double bottom. The digital asset is down 44% since its all-time high at $276.5. Compound was one of the most successful DeFi projects to hit the market, jumping towards $1 billion in market capitalization just days after getting listed. Compound is still ranked 41st, and bulls are looking for a clear breakout to the upside. COMP/USD 12-hour chart On the 12-hour chart, the TD sequential created a strong buy signal right after COMP price managed to defend $145, a support level established on September 6. The price formed a clear double bottom, which is also considered bullish. Similarly, the RSI has also defended the same level. IOMAP Chart Not only that, but the Bollinger Bands are getting squeezed significantly, indicating that a big move might happen soon. Unfortunately, the IOMAP chart shows little support between $151 and $140, which means that a bearish breakout would be devastating for COMP and could bring the digital asset down to $110. If the buy signal gets a continuation move, the next most significant resistance cluster is found at $168. COMP/USD 4-hour chart After holding another double bottom at $147, bulls are ready to bounce towards the next most crucial short-term resistance at $159.6. A clear breakout and close above this level should validate the buy signal on the 12-hour chart. 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 Gold Price Analysis: XAU/USD seems poised to retest $1900 mark FX Street 2 years COMP is currently trading at $152 and has established a double bottom. The digital asset is down 44% since its all-time high at $276.5. Compound was one of the most successful DeFi projects to hit the market, jumping towards $1 billion in market capitalization just days after getting listed. Compound is still ranked 41st, and bulls are looking for a clear breakout to the upside. COMP/USD 12-hour chart On the 12-hour chart, the TD sequential created a strong buy signal right after COMP price managed to defend $145, a support level established on September 6. The price formed a clear… 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.