Compound (COMP) is currently trading at $30.90, reflecting a significant 24-hour decline of 9.27%. The price has oscillated between a high of $34.75 and a low of $30.83 within this timeframe, highlighting a daily range of 3.92%.

Trading volume stands at approximately 45.49 million, constituting 15.23% of the market cap, suggesting active trading interest despite the price drop. The short-term moving averages indicate bearish momentum, with the 8-hour SMA at $31.35 showing a decline of 1.44% and the 55-hour SMA at $33.77 down 8.51%.

The 1-hour RSI is at 25, indicating an oversold condition, while the 7-day RSI at 49 suggests a neutral stance. In the context of price changes, COMP has seen a 7-day decline of 6.87%, a modest increase of 7.81% over the past 14 days, and a slight decrease of 4.29% over the last 30 days.

The all-time high for COMP remains significantly distant at $910.54, reached on May 12, 2021. Current price levels reflect a stark contrast to historical highs, emphasizing the potential for a rebound if market conditions improve.

Given the oversold RSI and the recent volatility in price, there may be a short-term opportunity for a rebound; however, the bearish trend in moving averages suggests caution. Therefore, I recommend a Hold rating, advising traders to monitor for potential bullish signals while avoiding new positions until a clearer trend emerges.