Compound (COMP) is currently trading at $17.65, reflecting a 24-hour decline of 2.68%. The daily range has been narrow, with a high of $18.47 and a low matching the current price, indicating limited volatility in the short term.

The trading volume of approximately 15.1 million indicates an active market, with a volume-to-market cap ratio of 8.83%. However, the moving averages are consistently showing downward pressure, with the 8 SMA at $18.10 and the 144 SMA at $18.66, suggesting that the price is below key resistance levels and facing bearish momentum.

In terms of momentum indicators, the 1-hour RSI is at 26, indicating that COMP is in an oversold condition in the very short term. The 7-day RSI at 41 shows weakness but is not yet at critical oversold levels, while the 7-day price change of -12.96% signals a longer-term downtrend.

Looking at the broader trend, the 30-day price change of -27.97% confirms a significant bearish sentiment in recent weeks. The all-time high of $910.54 reflects a stark contrast to the current price, suggesting that there remains substantial room for recovery, but current price action does not indicate an imminent reversal.

Given the current technical indicators, the bearish momentum, and the oversold conditions, the recommendation is to Hold COMP at this time. This position allows for potential recovery as the market stabilizes, while avoiding the risk of further declines given the current trend.