Compound (COMP) is currently priced at $28.71, experiencing a 24-hour decline of 3.65%. The daily price range has been relatively tight, with a high of $29.85 and a low of $28.51, indicating reduced volatility in the short term.

The trading volume stands at approximately $24.98 million, contributing to a volume-to-market cap ratio of 8.99%. Short-term moving averages show bearish momentum, with the 8 SMA at $28.72, slightly below the current price, while the 55 SMA indicates stronger resistance at $29.58.

The 1-hour RSI is at 30, suggesting that the asset is approaching oversold conditions, which might attract buyers soon. However, the 7-day RSI is at 45, reflecting a lack of strong upward momentum in the recent price action, compounded by a 7-day price change of nearly -8%.

Over the longer term, the 14-day and 30-day price changes are -15.66% and -13.54%, respectively, indicating consistent downward pressure on the price. Given the historical context, the all-time high of $910.54 underscores the significant depreciation that COMP has experienced, highlighting the potential for recovery but also the risks involved.

Given the current technical indicators, including the negative price momentum and the bearish sentiment reflected in moving averages, the outlook remains cautious. Therefore, the recommendation for Compound (COMP) is to Hold, as the potential for a short-term rebound exists, but the overall trend suggests further evaluation before committing to new positions.