Compound (COMP) is currently priced at $17.31, reflecting a slight 24-hour increase of 1.52%. The daily range shows a low of $16.93 and a high of $17.71, indicating limited volatility with a daily range of just 0.78%.

Trading volume over the past 24 hours stands at approximately $11.56 million, contributing to a volume-to-market cap ratio of 6.91%. This suggests a moderately active trading environment, though the overall price momentum remains weak, as evidenced by the hourly and daily moving averages.

The short-term moving averages reflect bearish sentiment, with the 8 SMA at $17.40 and the 13 SMA at $17.47 both indicating negative trends. In contrast, the 55 SMA at $17.09 shows a positive change of 1.29%, indicating potential support in the near term.

The RSI metrics present a concerning picture; the 1-hour RSI is at 42, while the 7-day RSI is at 44, both suggesting that COMP is nearing oversold conditions. Additionally, the significant price changes over the past 7, 14, and 30 days, showing declines of 13.64%, 27.87%, and 35.44% respectively, highlight a bearish trend.

Overall, COMP is far from its all-time high of $910.54, achieved in May 2021, indicating a considerable downtrend and loss of investor confidence. The current price action and moving average trends suggest that further downside risk remains prevalent in the short term.

Given the lack of bullish indicators and the overall downtrend in recent weeks, the recommendation is to Hold COMP for now. Investors should monitor for signs of stabilization or bullish reversals before considering new positions.