Compound (COMP) is currently trading at $25.50, reflecting a significant decline of 6.59% over the last 24 hours. The daily price range has been relatively narrow, with a high of $27.45 and a low of $25.36, indicating limited volatility despite the downward trend.

The trading volume stands at approximately 32.97 million, which accounts for 13.37% of its market cap, suggesting a moderately active trading environment. The hourly moving averages show a bearish outlook, with the 8 SMA at $26.22 indicating a decline of 2.76%, and longer-term SMAs like the 144 SMA reflecting a more considerable drop of 10.63% at $28.53.

Momentum indicators reveal a concerning picture, with the 1-hour RSI at 22, indicating oversold conditions. The 7-day RSI is at 41, suggesting that the asset is approaching oversold territory but has not yet confirmed a reversal, compounded by the 7-day and 14-day price changes of -16.33% and -26.27%, respectively.

The overall trend remains negative, evidenced by a 30-day price change of -19.76%. Given the significant historical high of $910.54, the current price reflects a drastic depreciation, underscoring the necessity for a strategic approach to trading this asset.

Based on the technical indicators, including the bearish moving averages and RSI levels, alongside the recent price action, the recommendation for Compound (COMP) is to Hold. This stance reflects the need to monitor for potential reversal signals while recognizing that further declines could still occur in the near term.