Compound (COMP) is currently priced at $23.66, showing a modest 24-hour change of 0.87%. The daily trading range has been narrow, with a high of $23.95 and a low of $23.31, indicating low volatility in the short term.

The volume stands at approximately 11.62 million, representing 5.08% of the market cap, suggesting decent liquidity but not enough to trigger significant price movements. The hourly moving averages indicate a slight downward trend, with the 8 SMA at $23.78 and the 144 SMA reflecting a more pronounced decline at $24.02.

The 1-hour Relative Strength Index (RSI) is at 29, indicating that COMP is currently oversold in the very short term. In contrast, the 7-day RSI at 49 shows that momentum is neutral, while the 14-day and 30-day price changes of -9.31% and -11.82% respectively indicate a longer-term bearish trend.

With the current price significantly below its all-time high of $910.54, COMP remains in a downtrend, and technical indicators suggest a lack of immediate bullish momentum. The combination of an oversold condition in the short term and negative price changes over longer periods suggests that a cautious approach is warranted.

Considering the current technical indicators and market sentiment, I rate Compound (COMP) as a Hold. While there is potential for a short-term bounce due to oversold conditions, the overall downtrend and longer-term negative price changes suggest that entering new positions may carry significant risk at this time.