As a representative of liquidity, lending protocols are important to Defi. Based on the outstanding performance of COMP last week, we have a brief analysis of the tokens for three major lending platforms today. They are AAVE,COMP and MKR.
Since the second half of last year, the price of COMP has remained below 70, and has broken through 70 after the rising last week. Relative to AAVE, the gap between bulls and bears is wider for COMP. Since late June, the volatility of COMP has risen, long green candles have appeared, and the rise is continuous. While bearish power is visible, the red candles are short and not steep in slope. The bulls took control. On a large scale, it turned bullish.
Conclusion: Mostly fluctuation. There was a more obvious pin-bar last Friday. Bears gain strength. The gap between bears and bulls narrowed. So we come to this conclusion. We set resistance level at 85 and support level at 54.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Since the second half of last year, the price of COMP has remained below 70, and has broken through 70 after the rising last week. Relative to AAVE, the gap between bulls and bears is wider for COMP. Since late June, the volatility of COMP has risen, long green candles have appeared, and the rise is continuous. While bearish power is visible, the red candles are short and not steep in slope. The bulls took control. On a large scale, it turned bullish.
Conclusion: Mostly fluctuation. There was a more obvious pin-bar last Friday. Bears gain strength. The gap between bears and bulls narrowed. So we come to this conclusion. We set resistance level at 85 and support level at 54.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
