Compound (COMP) is currently priced at $23.66, showing a 24-hour change of -3.57%. The daily range remains narrow at 1.22%, with the price fluctuating between a high of $24.69 and a low of $23.47, indicating limited volatility in the short term.

The trading volume stands at approximately $25.25 million, representing 11.04% of the market cap. The significant volume relative to market cap suggests a moderate level of trading activity, but the recent downward price movement may deter buyers.

Looking at the moving averages, the 8 SMA is at $24.15 and shows a decline of 2.05%, while longer-term averages like the 144 SMA at $25.80 reflect a steeper drop of 8.29%. This alignment of moving averages indicates a bearish trend as prices are consistently trading below these key levels.

Momentum indicators also reveal a concerning trend, with the 1-hour RSI at an extremely low 8, signaling oversold conditions. However, the 7-day RSI at 39 suggests potential weakness, indicating further downside could be expected before any reversal occurs.

Over the past week, COMP has seen a significant decline of nearly 19.87%, while the 14-day and 30-day price changes reflect losses of 22.60% and 17.81%, respectively. These extended downtrends point towards a continued lack of buying pressure, which is necessary for a bullish reversal.

Given the current technical indicators, lack of positive momentum, and overall bearish trend, the recommendation is to Sell. The downside potential remains significant as momentum indicators show no immediate signs of recovery, and current prices are well below key moving averages.