Compound (COMP) is currently priced at $26.36, showing a 24-hour decline of 1.48%. The daily trading range has been relatively tight, with a high of $26.84 and a low of $26.25, indicating limited volatility within the session.

Trading volume is robust at approximately 9.95 million, contributing to a volume-to-market cap ratio of 3.91%. This suggests a healthy level of interest, yet the price action is still bearish, as indicated by the downward movement across multiple short-term moving averages.

The hourly moving averages reflect a consistent downtrend, with the 8 SMA at $26.52 and the 144 SMA at $26.83, all showing negative percentage changes. The 1-hour RSI is at a critical level of 16, suggesting that COMP is severely oversold in the short term, while the 7-day RSI at 49 indicates a neutral stance in the medium term.

In terms of price performance, COMP has seen a 7-day decline of approximately 0.75%, a 14-day decline of about 2.23%, and a significant drop of around 12.15% over the past 30 days. The all-time high of $910.54 from May 2021 highlights the current price's substantial depreciation, indicating ongoing bearish sentiment and a lack of buying pressure.

Given the oversold conditions indicated by the low RSI, there may be potential for a short-term rebound; however, the prevailing trend is downward, and the technical indicators suggest further declines may be on the horizon. Therefore, the recommendation for COMP is to Hold, as entering a position now could be risky unless there are clear signs of reversal in the short term.