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Compound Price Prediction for Today, January 14: COMP/USD Goes Bullish; Price Touches $55.92 Level

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Compound Price Prediction for Today, January 14: COMP/USD Shoots to the Upside as Price Touches $55.92 Level
Compound Price Prediction for Today, January 14: COMP/USD Shoots to the Upside as Price Touches $55.92 Level

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The Compound price prediction shows that COMP begins to move to the upside as the bears lose grip over the coin.

Compound Prediction Statistics Data:

  • Compound price now – $52.35
  • Compound market cap – $378.8 billion
  • Compound circulating supply – 7.2 million
  • Compound total supply – 10 billion
  • Compound Coinmarketcap ranking – #87

COMP/USD Market

Key Levels:

Resistance levels: $60, $65, $70

Support levels: $30, $25, $20

Compound Price Prediction for Today, January 14: COMP/USD Shoots to the Upside as Price Touches $55.92 Level
COMPUSD – Daily Chart

COMP/USD is seen attempting to cross above the upper boundary of the channel as the coin moves to touch the daily high of $55.92. For the past couple of days, the coin has been trading above the 9-day and 21-day moving averages heading to the upside.

Compound Price Prediction: Compound (COMP) Begins the Upward Movement

The Compound price is expected to stay above the 9-day and 21-day moving averages for it to gain the upside. Therefore, if the bulls defend the $52 level, the coin may continue its upward movement by crossing above the upper boundary of the channel. However, any further bullish movement could then hit the potential resistance levels of $60, $65, and $70.

Nevertheless, this prediction may not be right if the bears return to the market and break toward the lower boundary of the channel, the Compound price could touch the low of $30, $25, and $20 supports. Moreover, the technical indicator Relative Strength Index (14) is staying within the overbought region; suggesting that more bullish movements are likely to play out.

Against Bitcoin, the Compound price is also facing the north as the coin could cross above the upper boundary of the channel with the next resistance level at 2700 SAT. Therefore, any further bullish movement could push the coin above the upper boundary channel and once this comes to focus, higher resistance could be located at 3000 SAT and above.

COMPBTC – Daily Chart

On the contrary, should the bulls fail to increase the pressure, they may head towards the lower boundary of the channel, and crossing below this barrier could hit the support level of 1700 SAT and below while the technical indicator Relative Strength Index (14) remains within the overbought region, showing that buyers are dominating the market.

Furthermore, Meta Masters Guild (MEMAG) is the most rapidly growing Play-to-Earn guild of this year. It is going to be the biggest mobile gaming guild in Web3. Fun and interesting games, which are compatible with NFTs, are created. And there, community members are rewarded as they speculate and also invest. The MEMAG presale is ongoing and close to $500,000 has been raised so far.

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