Bears and Bulls Struggle for Control of Compound’s Price Trend
- Bears take control of the 24-hour price chart.
- A further decline could happen if bears surpass the $32.41 support level.
- Bulls are in control on the four-hour chart.
Compound price analysis indicates that the price of has been declining and that there has been a minor downward trend for the cryptocurrency. Over the previous week, COMP/USD dropped from a high of $33.61 to a low of $31.82.
However, after a few days, the bulls started to signal, and the price rose to $32.70. Since COMP/USD is now heading lower, traders should watch for a break of the $32.41 support level.
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