Compound Coin receives a weak short-term technical ranking of 9 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. COMP has a superior recent technical analysis than 9% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
is giving Compound Coin a 9 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Compound Coin!
Compound Coin is $0.000000 (22.06%) higher than its 30-day low price of $0.000000043 while also $0.000000 (-71.40%) lower than its high of $0.00000018 from the past month of trading. Meanwhile, COMP's current price of $0.000000052 is under its average price of $0.000000101 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Compound Coin suggest that traders are currently bearish on the coin.
COMP has a low market cap compared to the majority of coins with a total market value of $2,814.45. Compound Coin's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Compound Coin's average volume is low as $1,100.88 worth of the coin is typically traded over a 24 hour period. COMP's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours COMP's volume is below its average with $164.84 exchanged.
Compound Coin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future.
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