{"id":120510,"date":"2023-07-10T21:06:54","date_gmt":"2023-07-10T21:06:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/compound-crypto-comp-price-prediction-comp-may-tank-54-crypto-news\/"},"modified":"2023-07-10T21:06:55","modified_gmt":"2023-07-10T21:06:55","slug":"compound-crypto-comp-price-prediction-comp-may-tank-54-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/compound-crypto-comp-price-prediction-comp-may-tank-54-crypto-news\/","title":{"rendered":"Compound Crypto (COMP) Price Prediction: COMP May Tank 54%\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Compound crypto (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/?s=compound\">comp<\/a>) price has had a massive rally in the past few weeks.  Since its bottom in June 2023, comp price has been up 150%.  This makes it one of the best-performing cryptocurrencies during this time.  However, the latest analysis suggests at least a short-term pullback seems to be on the cards.<\/p>\n<p>Altcoins are trading in red as BTC price is retesting the $30,000 level on Monday.  Consequently, the price of the native asset of Compound Finance also slid today and was down 3.47% till press time.  This translates into an 18% drop from its monthly highs.<\/p>\n<h2 class=\"wp-block-heading\">What&#8217;s Next For COMP Crypto?<\/h2>\n<p>Due to the surge in Bitcoin price from its June lows, many strong altcoins like COMP crypto started to rally.  While this rally has generated more than 200% returns for the bottom buyers, the higher timeframe market structure remains bearish.<\/p>\n<p>According to DeFi Llama, there has been a 30% increase in the Total Locked Value (TVL) on Compound Finance since the start of 2023. However, the following chart reveals that most of this TVL increase is due to a surge in Compound crypto price. .  Overall, the TVL is down 18% from its 2021 all-time high of $12.45B.<\/p>\n<h2 class=\"wp-block-heading\">Compound Crypto Price Prediction July 2023<\/h2>\n<p>The following COMP price chart shows that the coin has been trading within the $26-$71 trading range since June 2021. The bottom of this range has acted as a resistance during this time.  Similarly, the top of this range, ie, $71, is acting as resistance.  Recently, the price has retested this level and failed to break out.<\/p>\n<p>On a higher timeframe, Compound crypto price prediction will remain bearish as long as the price stays below $71.  Currently, the price is trading at $58.28.  A break below $51 will take the price towards the midpoint of the trading range, which lies at $43.  A deeper pullback will put a retest of the range lows at $26 on the cards.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/?s=compound\">,<\/a><\/p>\n<p><em>In the meantime, I&#8217;ll keep sharing updated comp crypto analysis. <\/em>along with my personal trades <em>on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sarwariat\">Twitter<\/a>where you are welcome to follow me.<\/em><\/p>\n<figure class=\"wp-block-image size-large\"><noscript><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"729\" src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-51-1024x729.png\" alt=\"Compound crypto price chart\" class=\"wp-image-174399\" srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-51-1024x729.png 1024w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-51-300x214.png 300w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-51-770x548.png 770w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-51-293x209.png 293w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-51.png 1195w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/noscript><figcaption class=\"wp-element-caption\">Comp Price Chart<\/figcaption><\/figure>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Compound crypto (comp) price has had a massive rally in the past few weeks. Since its bottom in June 2023, comp price has been up 150%. This makes it one of the best-performing cryptocurrencies during this time. However, the latest analysis suggests at least a short-term pullback seems to be on the cards. Altcoins are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-120510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120510"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120510\/revisions"}],"predecessor-version":[{"id":120511,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120510\/revisions\/120511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/12616"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}