COMP 1D. Next Potential Bottom Range is $72-80.

26 paź 2020

Briefly about the protocol. The Compound Platform is a Defi lending project developed on the Ethereum blockchain. Basically, any cryptocurrency owner can deposit it into a smart contract, where it joins the liquidity pool and starts generating interest.
So far, the Compound protocol supports the following altcoins: ETH, DAI, SAI, USDC, USDT, WBTC, ZRX, BAT, REP.

We have seen a strong downtrend since September. However, there was a light at the end of the tunnel! After sellers tested the mark $94. The price exited the falling channel and attempted to break the level $107.5, which would open the way to $123.
However, it could not be done and the light went out at the moment.

In our opinion, the scenario of the COMP price returning to the falling channel is more realistic. Moreover, we think that the token will renew its historical low and stop in the range $72-80.

An alternative scenario is possible only after fixing above $107. If we see such a probability, we will immediately publish an idea about it!
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