Coins
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Compound
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2022-09-21

Buyers kept pushing the Compound market to the upside between September 15 and September 21 as the price increased by 6%.

Between September 15 - September 21, Compound has been mostly bullish as its price has been in the rising mode. The price swings of COMP pointed to the presence of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The price action of Compound has been contained due to modest volatility. The average volatility of 8% was the reason why the price of COMP didn't put up any significant gains. The coin was the most volatile on September 15, when the range of its price fluctuations reached 10.82%. The price of the asset had fluctuated the least on September 19, when the volatility plummeted to 0.84%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

While the overall situation on the Compound market was bullish, the trading session on September 15 kicked off at the $54.3 price level. During the opening day on September 15, COMP has had a 5% move to the upside. On September 16 the coin market stayed neutral, with no changes in the price. During the following trading period on September 17, the price of Compound oscillated between the low at $53.26 and the high at $56.35, while the price moved down by 4%. COMP ’s performance during September 18 was the following: the price declined by 4% in conjunction with the acceptable trading volume. September 19 kicked off with Compound trading opening at $51.54 and then closing the session at $53.2, establishing the 24H low at $48.53 and 24H high at $53.2 in the process. The price action on September 20 saw the crypto coin moving along the following route: starting point at $52.65 and closing point at $54.62, while it also deviated to establish the high of the day at $55.12 and the low of the day at $51.43. On the last day of the reviewed period, the coin was locked between $54.68 and $60.53, though the price managed to puncture these levels to reach the 24H high at $60.53 and the 24H low at $52.3. $48.53 was the bottom of price action for the week, though the price went to the high extreme at $61.37 over the same time period. Compound bounced 6% between the low of the week and the peak price for the same time period, ultimately creating a price range of $3.5.

Compound ’s average trading volume on the opening day of the observed time period, September 15, stood at $65 407 106, while on the closing day of the same period, it moved to $61 523 683. A more comprehensive analysis of COMP price action requires the comparison of the trading volume between September 15 and September 21 with that from the preceding week that demonstrated how the trading volume fluctuated between $28 886 776 and $53 916 683. The average trading volume of the asset fluctuated by 41% by comparison with the previous period, whereas the price change of 6% took place over the same period of time.

The past week saw the market capitalization of Compound making a shift from $411 222 369 on September 15 to $374 999 856 on September 21, the peak for the analyzed period. The percentage change in the total market capitalization of COMP amounted to 9%. While the market capitalization of the coin was altered by 9%, its price has made a 6% change. The comparison with the Compound market capitalization seen during the time period September 8 - September 14 that occurred before the observed one, which changed by 11%, from $335 034 350 to $373 215 557, allows us to get a clearer understanding of current market conditions.

Price
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Article date: September 21 | September 15 - 21

Market reviews for similar coins for September 15 - 21