Compound (COMP) is currently priced at $34, reflecting a slight 24-hour decrease of 1.63%. The daily trading range has been relatively tight, moving between a high of $35.35 and a low of $33.62, indicating low volatility in the short term.

The trading volume stands at approximately 38.98 million, which constitutes 11.85% of the market cap, suggesting a healthy level of activity. However, the current hourly moving averages show a bearish trend, with most SMAs reflecting declines, particularly the 55 SMA at $34.99, down 2.82%.

The 1-hour RSI is at 30, indicating oversold conditions, which could signal a potential rebound in price if buying interest returns. Conversely, the 7-day RSI is at 50, suggesting a neutral market sentiment with no strong directional momentum.

Over the last week, COMP has increased by approximately 12.62%, indicating a bullish trend in the medium term. This is further supported by the 14-day price change of 12.60% and a 30-day increase of 10.33%, suggesting that the recent downtrend may be temporary.

Given the significant disparity between the current price and the all-time high of $910.54, the asset shows potential for growth if it can reclaim upward momentum. However, the immediate bearish indicators and low RSI suggest caution in the short term.

Considering the technical indicators and recent performance, a Hold rating is appropriate at this time. Investors should monitor for potential bullish reversals while being aware of the prevailing downward pressure in the short term.