Compound (COMP) is currently priced at $40.88, reflecting a slight decline of 0.63% over the past 24 hours. The asset has experienced a daily trading range of 0.94%, with a high of $41.54 and a low of $40.60, indicating relatively low volatility in the short term.

Trading volume stands at approximately 32.2 million, representing 8.40% of the market cap, suggesting moderate market activity. The 1-hour Relative Strength Index (RSI) is at 34, indicating that COMP is approaching oversold conditions, while the 7-day RSI at 41 reflects continued bearish sentiment over the past week, with a price drop of over 10%.

From a moving average perspective, the shorter-term SMAs (8 and 13) indicate slight upward momentum, but longer-term averages (21, 55, and 144) are trending downward, suggesting persistent bearish pressure. The 14-day price change shows a decrease of over 13.5%, further emphasizing the downward trend since the beginning of the month.

Compound's all-time high remains significantly above the current price at $910.54, which underscores the potential for long-term recovery but highlights the substantial distance from its peak valuation. Given the current market conditions and the technical indicators, including the RSI readings and moving averages, the outlook remains bearish in the short to medium term.

Overall, the combination of bearish momentum, declining price trends, and oversold conditions suggests a cautious approach. Therefore, the recommendation is to Hold COMP for now, as the asset may be consolidating before a potential rebound, but significant upside appears limited without a shift in market sentiment or positive fundamental developments.