Compound (COMP) token shot up more than 10% in the past 24 hours, trading at a price tag of $56.46.
The cryptocurrency sits just above the critical $56 support level and has formed an Adam & Eve pattern.
An attempt to reclaim the 20-day EMA at $60.82 could be seen in the near future before attempting higher prices.
#Compound $COMP appears to be breaking out of an Adam & Eve pattern, with a potential target of $73, as long as the $56 support level holds! pic.twitter.com/GIzSOAlzJy
— Ali (@ali_charts) February 11, 2025
appears to be breaking out of an Adam & Eve pattern, with a potential target of $73, as long as the $56 support level holds!
— Ali (@ali_charts)
COMP Price Analysis
Source: TradingView
Source: TradingView