Compound (COMP) is currently priced at $24.17, reflecting a minor increase of 0.84% over the past 24 hours. The daily price range has been tight, oscillating between a low of $23.77 and a high of $24.64, indicating limited volatility in the short term.

The volume of 13,012,271 suggests a healthy trading activity, with a volume-to-market cap ratio of 5.57%, indicating that COMP is actively traded relative to its market cap. However, the hourly moving averages show a bearish trend, with the 55 SMA at $24.42 declining by 1.04%, suggesting resistance above the current price level.

Momentum indicators reflect weakness, as the 1-hour RSI stands at 37, indicating that COMP is nearing oversold conditions. The 7-day RSI of 42 further reinforces this sentiment, highlighting downward pressure, especially given the recent 7-day price change of approximately -9.41%.

From a longer-term perspective, COMP has seen declines over the past 14 days (-10.05%) and 30 days (-2.83%), indicating a bearish trend that has persisted despite recent minor gains. The stark contrast to its all-time high of $910.54 underscores the significant distance COMP has to recover to regain bullish momentum.

Given the current price action, weak momentum indicators, and bearish moving averages, a cautious approach is warranted. Therefore, the recommendation for Compound (COMP) is to Hold, as further downside risks remain in the near term, but potential for recovery exists if bullish momentum can establish itself.