Compound price has been on a massive rise since the beginning of the month and has surged more than 120% to reach a medium-term high above $70. Currently, the bears are taking some profits, so the price is experiencing a minor correction due to which. However, the bulls also seem confident about the next price move, which is aimed at clearing the critical $65 resistance level and reclaiming highs above $70.

COMP price ended the month of June on a positive note and maintained a nice upward trend in the first few days of July before a correction. After six consecutive days of negative closings, COMP price rebounded towards the 300 EMA. Now that the price has experienced enough bullish action, will it maintain the same momentum?

The compound is leading the gains of other compounds and has surged by more than 10% in the past 24 hours. The EMA-300 seems to be at very strong levels, so the current correction might eventually test these levels again. Moreover, a retest might be triggered, which might lead to additional growth. The above-mentioned FIB levels mention the next move for COMP price and the path that might lead the price to the $100 milestone.

Currently, Compound is priced at $59.14, a massive increase of 10.75%. Trading volume has seen a massive influx of liquidity, skyrocketing 226.20% to $142.08 million, while the market cap is around $449.08 million. The token hit a high of $911.20 in just a few weeks during the 2021 bull run, so there is potential for longs on this token with slight changes in market conditions.