Compound (COMP) is currently priced at $29.96, reflecting a 3.91% increase over the past 24 hours. The daily trading range has been relatively narrow, with a high of $30.12 and a low of $28.41, indicating a stable price movement within this session.

Volume stands at 19,242,633, representing a volume-to-market cap ratio of 6.66%. This suggests moderate trading activity, although it is not significantly above average, which may imply a lack of strong conviction among traders in the short term.

The hourly moving averages reveal a bullish trend, with all short-term averages (8, 13, 21, and 55 SMA) showing gains between 3.77% and 3.91%. The 144 SMA is slightly less bullish, at +0.31%, indicating that while there is positive momentum in the short term, longer-term averages are lagging behind.

The 1-hour RSI is at 68, which is approaching overbought territory, suggesting a potential price pullback in the near term. Conversely, the 7-day RSI at 46 indicates that COMP is not currently overbought, leaving room for further price appreciation if buying pressure continues.

Looking at longer-term trends, COMP has seen a decline of approximately 4.54% over the past week, 13.45% over the last two weeks, and 20.94% in the past month. These negative price changes highlight a bearish trend in the medium to long term, which could weigh on investor sentiment.

Despite the recent gains, the substantial historical decline from its all-time high of $910.54 indicates significant resistance levels that may challenge upward momentum. The current price action suggests a potential reversal; however, caution is warranted given the longer-term bearish signals.

Based on the combination of short-term bullish trends and longer-term bearish sentiment, a **Hold** rating is recommended for Compound (COMP). This allows investors to monitor for further developments without taking on additional risk in a still-declining market.