{"id":13596,"date":"2022-11-29T22:14:18","date_gmt":"2022-11-29T22:14:18","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/29\/is-selling-now-overdone-for-the-compound-token-comp-usd\/"},"modified":"2022-11-29T22:14:18","modified_gmt":"2022-11-29T22:14:18","slug":"is-selling-now-overdone-for-the-compound-token-comp-usd","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/29\/is-selling-now-overdone-for-the-compound-token-comp-usd\/","title":{"rendered":"Is selling now overdone for The Compound token (COMP\/USD)?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/10\/1633344214160-0fed50d3-5007-4868-9e31-7a3ce142b0ff-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/10\/1633344214160-0fed50d3-5007-4868-9e31-7a3ce142b0ff-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/10\/1633344214160-0fed50d3-5007-4868-9e31-7a3ce142b0ff-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/10\/1633344214160-0fed50d3-5007-4868-9e31-7a3ce142b0ff-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2021\/10\/1633344214160-0fed50d3-5007-4868-9e31-7a3ce142b0ff.png\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The Compound token has been secure after a bear market<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Prolonged crypto winter and liquidity points dealing with crypto corporations stay a risk<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">COMP token may speed up weak spot if shopping for energy stays weak<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">The\u00a0<a href=\"https:\/\/coinjournal.net\/compound\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Compound<\/u><\/a> token (COMP\/USD) seemed poised for a sustained restoration in June. Since recovering from the June backside value of $26, the token remained bullish, hitting $70 in August. Since then, weaknesses have introduced the token all the way down to $37. However, for 3 weeks, the cryptocurrency has been buying and selling on the similar degree. We examine if it\u2019s price calling for a purchase commerce on the essential zone. But first, why has COMP been unable to duplicate positive factors?<\/p>\n<p dir=\"ltr\">The Compound is a decentralised protocol that makes it potential to lend and borrow crypto. In different phrases, Compound takes away the function of middlemen in conventional finance. It permits monetary providers by way of good contracts and in a decentralised method. Coupled with the backing of the Ethereum blockchain, Compound grew as an vital DeFi challenge.<\/p>\n<p dir=\"ltr\">A liquidity crunch impacting crypto corporations has slowed the expansion of DeFi and main blockchains within the sector. The newest to fall sufferer within the sector is BlockFi. The once-popular crypto lender filed for chapter on Monday. BlockFi joins the rising listing of Voyager, Celsius, Three Arrows Capital, and FTX, which have confronted chapter.<\/p>\n<p dir=\"ltr\">The newest improvement is probably not good <a href=\"https:\/\/coinjournal.net\/news\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>cryptocurrency news<\/u><\/a> for protocols corresponding to Compound. Its native token, COMP, is consolidating forward of the subsequent transfer.<\/p>\n<h2 dir=\"ltr\"><strong>COMP battling $43 resistance amid value consolidation<\/strong><\/h2>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/10\/29\/1669756024858-88ec435a-0b7f-48a1-a59d-4d4737f3b25c.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"327\"\/><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/symbols\/COMPUSD\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>COMP\/USD Chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">Technically, COMP is consolidating in a bear market. The cryptocurrency misplaced the $43 degree, which has now change into a resistance zone.<\/p>\n<p dir=\"ltr\">The transferring averages are bearish for the cryptocurrency and supply resistance above.<\/p>\n<h2 dir=\"ltr\"><strong>What subsequent for COMP?<\/strong><\/h2>\n<p dir=\"ltr\">While consolidation at $35-$37 means that bears are getting exhausted, it doesn&#8217;t sign a purchaser\u2019s exercise. The cryptocurrency lacks the upside, with the resistance and transferring averages above a stumbling block.<\/p>\n<p dir=\"ltr\">For the\u00a0<a href=\"https:\/\/coinjournal.net\/compound\/price\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>COMP price<\/u><\/a> to go increased, the cryptocurrency should get well above $43. Otherwise, the June lows of $26 stay in sight.<\/p>\n<h2 dir=\"ltr\"><strong>Where to purchase COMP<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro gives a variety of cryptos, corresponding to Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=OTU0OTg&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy COMP with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Bitstamp<\/h3>\n<p>Bitstamp is a number one cryptocurrency alternate which gives buying and selling in fiat currencies or standard cryptocurrencies.<\/p>\n<p>Bitstamp is a completely regulated firm which gives customers an intuitive interface, a excessive diploma of safety for your digital belongings, wonderful buyer assist and a number of withdrawal strategies.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/bitstamp-crypto?guid=OTU0OTg&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy COMP with Bitstamp today            <\/a>\n    <\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/is-selling-now-overdone-for-the-compound-token\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Compound token has been secure after a bear market Prolonged crypto winter and liquidity points dealing with crypto corporations stay a risk COMP token may speed up weak spot if shopping for energy stays weak The\u00a0Compound token (COMP\/USD) seemed poised for a sustained restoration in June. Since recovering from the June backside value [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[2465,4392,5328,751,247],"class_list":["post-13596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-compound","tag-compusd","tag-overdone","tag-selling","tag-token","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=13596"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13596\/revisions"}],"predecessor-version":[{"id":13597,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13596\/revisions\/13597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/3938"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=13596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=13596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=13596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}