Compound (COMP) is currently priced at $31.05, experiencing a slight decline of 0.15% over the last 24 hours. The daily trading range indicates a low of $30.56 and a high of $32.15, reflecting a volatility of 1.59%.

Trading volume stands at approximately 29.27 million, representing 9.74% of the market cap. This volume indicates a moderate level of interest, but the declining price trend over the past week suggests waning momentum for buyers.

Analyzing moving averages, the 8-period SMA is at $31.21, down 0.50%, while the longer-term 144-period SMA is at $32.45, down 4.33%. The shorter-term averages reflect a bearish sentiment, as they remain below the longer-term average, indicating potential resistance at higher price levels.

The Relative Strength Index (RSI) metrics show a 1-hour RSI of 46, indicating that the asset is nearing oversold territory, while the 7-day RSI at 42 suggests continued bearish sentiment. The 7-day price change has been a significant decline of approximately 6.65%, although the 14-day change shows a slight recovery of 4.88%, suggesting some potential for short-term upside.

Overall, COMP's recent performance demonstrates a struggle to maintain upward momentum, especially in light of the lower price changes over the past month. With the recent downtrend and resistance at the 144 SMA, along with bearish RSI indicators, the asset shows limited immediate upside potential.

Given these factors, the recommendation for Compound (COMP) is a Hold. This rating reflects the need for further consolidation or evidence of trend reversal before committing to a buy, as the current technical indicators do not support a bullish outlook at this time.