Compound (COMP) is currently priced at $33.88, reflecting a 3.68% decline over the past 24 hours. The daily trading range has been relatively tight at 1.88%, with a high of $35.79 and a low of $33.91, indicating limited volatility in the short term.

Trading volume stands at approximately $41.42 million, representing 12.62% of its market cap, which suggests healthy trading activity but also reflects a potential sell-off pressure given the recent price drop. The hourly moving averages indicate a bearish trend, with the 8 SMA at $34.78 down 2.57% and the 55 SMA at $35.10 down 3.46%, confirming downward momentum.

The 1-hour RSI is at a critical 29, indicating that COMP is currently oversold in the short term, which could signal a potential reversal or rebound if buying interest returns. In contrast, the 7-day RSI at 52 indicates neutrality, suggesting that while the asset has seen some recovery over the past week (11.44% increase), it lacks a strong directional trend.

Fundamentally, Compound has seen an uptick over the past two weeks (5.79% increase) and the past month (4.58% increase), which reflects a positive sentiment in the longer term despite the current dip. However, the stark contrast between the current price and its all-time high of $910.54 underscores the significant challenges ahead for COMP to regain previous highs.

Given the current technical indicators, including the oversold condition on the hourly RSI and the bearish trend in moving averages, a cautious approach is warranted. Therefore, the recommendation is to Hold COMP at this time, as it may be poised for a rebound in the short term but requires further confirmation of upward momentum before any bullish positions are taken.