Compound (COMP) is currently trading at $26.01, reflecting a 24-hour decline of 1.66%. The asset has exhibited a daily range of 0.76%, with a high of $26.79 and a low of $26.03, indicating a relatively tight trading environment.

The volume stands at approximately 12.76 million, contributing to a Vol/Market Cap ratio of 5.07%. The short-term moving averages reveal a bearish trend, with the 8 SMA and 13 SMA both showing declines of about 2.25%, while the 55 SMA reflects a more significant drop of 3.44%.

On the momentum front, the 1-hour RSI is at 33, indicating that COMP is approaching oversold territory. The 7-day RSI of 48 suggests a neutral market sentiment, while the price has seen a decline of 3.52% over the past week and a slight increase of 1.45% over the last 14 days.

Fundamentally, COMP is significantly down from its all-time high of $910.54, which was reached in May 2021. The negative price changes over the 30-day period indicate ongoing selling pressure, which may be exacerbated by broader market conditions.

Given the current bearish technical indicators, coupled with a low RSI, COMP appears to be in a consolidation phase. However, the recent price action shows that it has found support near the $26 level, which could provide a potential buying opportunity for those looking to enter at lower levels.

Overall, the outlook for Compound is cautious but could improve if the price holds above $26. A clear Buy rating is not warranted at this time; instead, a Hold rating is appropriate, as further confirmation of bullish momentum is required before considering a more aggressive position.