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Cryptocurrency News Articles

Compound (COMP) Price Analysis: Altcoin Shows Signs of a Breakout From Bullish Technical Structure

Feb 12, 2025 at 01:17 am

The prominent digital asset Compound (COMP) has failed to produce significant gains for its users during this rally. However, the altcoin might be getting a major bullish break in the near future.

Compound (COMP) Price Analysis: Altcoin Shows Signs of a Breakout From Bullish Technical Structure

Key Points

The prominent digital asset Compound (COMP) might be getting a major bullish break in the near future.

Popular crypto analyst Ali Martinez recently noted on X (formerly Twitter) that COMP is showing signs of a breakout from the Adam & Eve pattern—a bullish technical structure.

Martinez noted that as long as the $56 support level holds, COMP could potentially target $73 in the near term.

At the time of writing, Compound trades at $58.46 following a 10.5% rise in the token’s price within the last 24 hours.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Marco T. Lanz on X

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Other articles published on Feb 12, 2025