Compound (COMP) is currently trading at $35.18, reflecting a 6.31% increase over the past 24 hours. The daily price range has been notable, with a high of $36.67 and a low of $32.71, indicating volatility that could attract traders seeking short-term opportunities.

Volume has reached 147,388,455, equating to 43.23% of the market cap, suggesting strong market interest and liquidity. The hourly moving averages indicate a bearish trend in the short term, particularly with the 8 SMA at $35.49 down 0.86%, though the 21 and 55 SMAs show slight bullish momentum.

The 1-hour RSI sits at 40, indicating a potential short-term oversold condition, while the 7-day RSI at 55 suggests a more neutral stance in the medium term. Notably, the 7-day price change of 18.4% and the 14-day change of 12.04% indicate recent positive momentum, suggesting that COMP could be in the early stages of a recovery phase.

While the long-term outlook remains cautious given the all-time high of $910.54, current levels present a significant discount. The recent price action, coupled with the volume metrics, suggests that traders may be positioning for potential upward movement, particularly if the price breaks above the 24-hour high of $36.67.

In conclusion, the combination of short-term bearish signals from the moving averages and the positive medium-term RSI readings indicates a potential for a price rebound. Given the current data, a Buy rating is warranted, as there is a favorable risk-reward scenario for traders looking to capitalize on possible upward momentum in the near term.