• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Crypto Analyst Says COMP Worth Will Attain $66 If This Occurs

SB Crypto Guru News by SB Crypto Guru News
September 29, 2023
in Bitcoin
0 0
0
Crypto Analyst Says COMP Worth Will Attain  If This Occurs


This week has seen the COMP value placed on some of the spectacular rallies amid the bear market. The worth restoration has seen the digital asset acquire greater than 22% over a 7-day interval, cementing its place as a high gainer. However even with such an already important acquire, one analyst believes that the rally is way from over.

COMP Worth Chart Exhibits Promise

Within the evaluation that presents some of the bullish situations up to now for the COMP value, a pseudonymous analyst who goes by MyCryptoParadise on TradingView has put ahead that the altcoin might nonetheless rise one other 50% from right here.

The chart shared by the analyst factors to a double backside that was marked between August and September. On the finish of this double backside lies unbelievable promise for the COMP value, making an increase to $66 doable after already crossing $40.

MyCryptoParadise explains the chart utilizing the double backside that had shaped for the digital asset again in June. Presently, the altcoin had undergone what they known as “a monumental breakout” that led to a 269% surge. Making use of this historic motion to the present double backside formation produces a possible 65-80% enhance in keeping with the analyst.

“Within the occasion of such a breakout, we anticipate a exceptional value enhance starting from 65% to 80%. Notably, this aligns with the positions of two pivotal double Fibonacci resistance ranges at $60.65 and $66.00,” the analyst explains.

COMP price chart from Tradingview.com

COMP prediction to $66 | Supply: Tradingview.com

If the digital asset does observe the June development to a T and mount an over 200% surge, it might imply the COMP value might cross $80.

Nonetheless Some Hurdles To Scale

Though the forecast for the COMP value stays very bullish, the analyst factors out that this formation just isn’t with out its hurdles. For the double backside to completely kind and full the development, it should overcome a descending development line that has reared its ugly head within the chart. Nonetheless, if COMP is profitable in beating this descending development line, then the formation can be utterly performed out.

On the way in which up, the crypto analyst factors out a retracement from $53 again right down to the $48 degree earlier than the momentum continues. Following this, there’s a double Fibonacci resistance at $60, after which one other introduced at $66, each of which show essentially the most resistance for the rally.

COMP is at the moment the third-highest gainer within the final day after rising over 10% to cross $47. Its value is up roughly 22% on the weekly chart, bringing its market cap to $375 million.



Source link

Tags: AnalystBitcoin NewsCompCryptoCrypto NewsCrypto UpdatesLatest News on CryptoPriceReachSB Crypto Guru News
Previous Post

Analyst Predicts 130% Rally To $18

Next Post

GMX Paid A Hefty Prize As a result of Of This Flaw

Next Post
GMX Paid A Hefty Prize As a result of Of This Flaw

GMX Paid A Hefty Prize As a result of Of This Flaw

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Rising Crypto Scams Targeting Panic and Trust

Rising Crypto Scams Targeting Panic and Trust

0
Tether Faces Legal Heat as Celsius Bitcoin Case Advances

Tether Faces Legal Heat as Celsius Bitcoin Case Advances

0
As North America’s oldest company faces bankruptcy, the sale of its collection raises fears among Indigenous communities – The Art Newspaper

As North America’s oldest company faces bankruptcy, the sale of its collection raises fears among Indigenous communities – The Art Newspaper

0
Crypto companies made .2B in onchain revenue last month. Top companies with highest revenue are Tether (9M), Circle (8M), PancakeSwap (M), Hyperliquid (M) and Aave (M)

Crypto companies made $1.2B in onchain revenue last month. Top companies with highest revenue are Tether ($619M), Circle ($198M), PancakeSwap ($69M), Hyperliquid ($60M) and Aave ($40M)

0
Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why

Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why

0
Meme coin news: MOODENG and BONK lead market comeback; SHIB burn rate jumps 1,200%

Meme coin news: MOODENG and BONK lead market comeback; SHIB burn rate jumps 1,200%

0
Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why

Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why

July 6, 2025
Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

July 5, 2025
Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

July 5, 2025
Nano Labs Buys  Million in BNB, Grows Digital Reserve to 0 Million

Nano Labs Buys $50 Million in BNB, Grows Digital Reserve to $160 Million

July 5, 2025
Crypto companies made .2B in onchain revenue last month. Top companies with highest revenue are Tether (9M), Circle (8M), PancakeSwap (M), Hyperliquid (M) and Aave (M)

Crypto companies made $1.2B in onchain revenue last month. Top companies with highest revenue are Tether ($619M), Circle ($198M), PancakeSwap ($69M), Hyperliquid ($60M) and Aave ($40M)

July 5, 2025
Squeeze a Whole Business Book into Your Lunch Break

Squeeze a Whole Business Book into Your Lunch Break

July 5, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.