Compound (COMP) is currently trading at $32.65, reflecting a notable 8.64% increase over the past 24 hours. The price has fluctuated between a high of $35.94 and a low of $29.86 within the same timeframe, indicating significant volatility and trading interest, with a daily range of 6.08%.

The trading volume stands at approximately $109.84 million, representing 34.82% of its market cap, suggesting robust market participation. The hourly moving averages present a mixed picture; the 8 SMA is slightly bearish at -1.14%, while the longer-term SMAs, particularly the 55 SMA, show a positive trend of +6.03%.

The 1-hour RSI is at 68, indicating that COMP is nearing overbought territory, which could lead to a price correction in the short term. In contrast, the 7-day RSI of 57 suggests that the asset is still within a reasonable range, potentially allowing for further upward movement before hitting resistance.

Over the last week, COMP has gained 12.21%, indicating a strong short-term bullish trend, while the 14-day price change shows a slight decline of -0.77%, suggesting some consolidation. The 30-day change of -11.69% highlights a longer-term bearish sentiment, which traders should consider when evaluating entry points.

With the all-time high of $910.54 reached in May 2021, COMP has substantial room for growth, although current levels reflect a significant decline from those peaks. Given the current bullish momentum coupled with the overbought signal from the 1-hour RSI, it is prudent to exercise caution.

Overall, the analysis indicates a short-term bullish trend but with potential for a price correction due to overbought conditions. Therefore, the recommendation for COMP is to Hold, as it may be prudent to wait for a more favorable entry point or confirmation of sustained upward momentum before increasing positions.