Compound (COMP) is currently trading at $24.65, experiencing a 24-hour decline of 4.47%. The daily price range shows a high of $26.43 and a low of $24.55, indicating a relatively narrow trading band of 1.88%, which may suggest limited volatility in the short term.

Volume over the past 24 hours stands at approximately $23.6 million, with a volume-to-market cap ratio of 9.90%. This volume indicates a moderate level of trading activity, but the downward price movement may reflect a lack of bullish sentiment among traders.

Technical indicators reveal a bearish trend, with all hourly moving averages (SMA) currently positioned above the current price. Notably, the 8 SMA at $25.01 is down 1.45%, while the 144 SMA at $26.03 shows a decline of 5.29%, signaling that selling pressure remains dominant in the short to medium term.

The 1-hour RSI is at an extremely low 15, indicating that COMP is significantly oversold in the very short term. Conversely, the 7-day RSI at 44 suggests that while momentum is bearish, the asset is not yet in the oversold territory, implying potential for further downside.

In terms of price performance, COMP has seen a decline of approximately 25.37% over the past 30 days, reflecting sustained bearish sentiment. The recent 7-day and 14-day price changes of -4.63% and -3.38%, respectively, reinforce this downtrend, indicating a lack of recovery momentum.

Given the current price below all significant moving averages and the bearish RSI readings, the outlook for COMP remains negative. Without clear bullish signals or a reversal pattern, the recommendation is to Sell, as further downside is likely in the short term until a significant shift in market sentiment occurs.