Compound (COMP) is currently priced at $23.89, reflecting a 24-hour change of -2.07%. The asset has exhibited a daily range of 1.04%, with a 24-hour high of $24.95 and a low of $23.91, indicating limited volatility in the recent trading session.

Volume for COMP stands at approximately $11.39 million, representing 4.93% of its market capitalization. The hourly moving averages show a bearish trend, with the 8 SMA at $24.74 and the 13 SMA at $24.69, both down over 3%, signaling that short-term momentum is weakening.

The RSI metrics further confirm the bearish sentiment, with the 1-hour RSI at 42 and the 7-day RSI at 41, indicating potential oversold conditions. Additionally, the asset has seen a 7-day price change of -12.73%, a 14-day decline of -10.77%, and a slight decrease of -1.28% over the past 30 days, reinforcing a downtrend in the near term.

Given the significant distance from its all-time high of $910.54 reached in May 2021, current price levels suggest that COMP is trading at a low valuation relative to its historical performance. However, the continued downward pressure in both short-term and mid-term price changes, alongside bearish moving averages and RSI levels, indicates a lack of bullish momentum.

Based on the current technical indicators and recent price action, a Hold rating is recommended. This decision is grounded in the observation that while the asset is currently undervalued, the lack of immediate bullish signals suggests waiting for a clearer reversal before considering any buying positions.