Compound (COMP) is currently trading at $23.89, reflecting a 24-hour decline of 1.26%. The price has fluctuated between a daily high of $24.21 and a low of $23.47, indicating a relatively tight daily range of 0.74%.

Trading volume stands at approximately 25.9 million, translating to a volume-to-market cap ratio of 11.21%. This suggests a moderate level of trading activity, which could indicate ongoing interest in COMP, though the recent price decline may deter new investments.

Short-term moving averages indicate mixed sentiment: the 8 SMA is slightly above the current price at $23.91 (-0.10%), while the 55 SMA at $24.28 shows a more significant downward trend (-1.62%). The 144 SMA is further away at $25.33, reflecting a longer-term bearish outlook with a drop of 5.68%.

The 1-hour RSI is at 63, indicating a potential overbought condition in the short term. In contrast, the 7-day RSI is at 41, suggesting that COMP is nearing oversold territory, which may attract buyers looking for a rebound.

Over the last week, COMP has experienced a price change of -16.94%, and the 14-day and 30-day changes show declines of 23.43% and 16.19%, respectively. The sustained downward trend is concerning, especially when compared to the all-time high of $910.54 in May 2021, which underscores the significant decline from past performance.

Considering the current technical indicators and the recent price action, a cautious approach is warranted. The mixed signals from moving averages and RSI readings suggest a potential for a short-term rebound; however, the longer-term trend remains bearish.

Rating: Hold. While there are signs of short-term recovery potential, the overall bearish trend and significant price drop over multiple time frames suggest that entering new positions may carry high risk at this stage.