Compound (COMP) is currently priced at $29.90, reflecting a minor decline of 1.39% over the past 24 hours. The price has fluctuated within a daily range of $29.82 to $30.64, indicating a relatively narrow trading band and low volatility.

The trading volume stands at approximately 15.3 million, representing 5.29% of the market capitalization, which suggests moderate investor interest. However, the downward pressure is evident with a 7-day price change of -13.28%, signaling negative momentum in the short term.

Technical indicators reveal that the hourly moving averages are all above the current price, with the 8 SMA at $30.15 showing a decline of 0.83%. The 1-hour RSI is at 28, indicating oversold conditions, while the 7-day RSI is at 47, approaching neutral territory but still reflecting weakness.

Despite recent price drops, the 14-day and 30-day price changes show a relatively stable performance, with minimal decline compared to the sharp 7-day drop. The all-time high of $910.54 from May 2021 highlights the significant potential for recovery, but current market sentiment remains bearish.

Given the technical indicators and recent price performance, the recommendation for Compound (COMP) is to Hold. While oversold conditions could prompt a rebound, the bearish trend suggests caution, and investors should await a clearer bullish signal before considering new positions.