Coins
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Compound
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2022-09-19

Slightly bearish : traders witnessed Compound moving down 1% from September 13 till September 19.

The downward movement of the Compound price last week indicates the chosen market is. The price swings of COMP pointed to the presence of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

While the volatility remains restrained, Compound isn't making any explosive moves. The average volatility of 5% was the reason why the price of COMP didn't put up any significant gains. The volatility of the coin reached its highest point at 5.75% during the observed period. The asset has been the least volatile on September 17; at this time, the volatility stood at 0.11%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 5%.

The price of COMP took a 1% down downswing at the open of the weekly trading period. The market sentiment on September 14 stayed as the coin obtained another 2%. The price range of Compound formed between $54.05 and $61.37 on September 15 as the price traveled 5% up. On September 16, the value of COMP was in the range, with the market remaining flat. September 17 kicked off with Compound trading opening at $56.35 and then closing the session at $53.85, establishing the 24H low at $53.26 and 24H high at $56.35 in the process. The crypto coin opened the trading session on September 18 at $54 and finalized it at $51.68; the highest point of price action was at $54.92, the lowest was detected at $51.27. On the last day of the reviewed period, the coin was locked between $51.54 and $53.2, though the price managed to puncture these levels to reach the 24H high at $53.2 and the 24H low at $48.53. During the reviewed time period, the asset was able to achieve the weekly high at $61.37, though at a certain point, the bear pressurized the price down to the weekly low at $48.53. Compound bounced 1% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.79.

In the period September 13 - September 19, the trading volume of Compound went from $44 202 106 on the first day of the reviewed period to $36 391 549 on the closing day. During the week before September 13, the trading volume of COMP flowed from $22 582 732 to $40 487 784. The average trading volume of the asset fluctuated by 61% by comparison with the previous period, whereas the price change of 1% took place over the same period of time.

The past week saw the market capitalization of Compound making a shift from $374 747 243 on September 13 to $338 651 457 on September 19, the peak for the analyzed period. Percentage-wise, the market capitalization of COMP has shifted by 10% in the past week. As a consequence of the 10% fluctuation in its market capitalization, the price of the coin changed by 1%. A more precise analysis of the Compound market also requires a comparison with the change in market capitalization from the week before, which amounted to 14% on the back of the move from $334 303 257 to $381 607 122.

Price
Volatility
Capitalization
Volume
Tue 13Thu 15Sat 17Mon 19Tue 13Thu 15Sat 17Mon 1952.053.054.055.056.057.052.053.054.055.056.057.0
Article date: September 19 | September 13 - 19

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