Compound (COMP) crypto has pumped 4.56% today following the successful finalization of the Ethereum merge earlier this morning.
As a result the price of Compound is now trading at a steady $56.67 and could be making headway back to the $60 price levels.
Will Compound crypto pump?
Compound Crypto Price Prediction 2022
At the time of writing this article Compound crypto is trading within a symmetrical triangle pattern.
Because Compound crypto was in a downtrend prior to the formation of this triangle, it could be considered as a bearish continuation chart pattern, though I don't think this will be the case as it seems like Compound may have bottomed out.
Following the Terra Luna crypto crash in May 2022, Bitcoin nosedived through the 200-week moving average and caused havoc across the entire crypto markets in the following month.
This is where Compound (COMP) crypto potentially bottomed out hitting a low of $26.25. Holders who were lucky enough to have scooped up that dip on the 18th...
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