Internet Computer (ICP) is currently priced at $2.83, reflecting a 24-hour decline of 2.57%. The trading range over the past day has been narrow, with a high of $2.94 and a low of $2.82, indicating low volatility.

The current trading volume stands at 56,206,513, equating to 3.64% of the market cap, which suggests moderate liquidity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $2.84 showing a minor decline of 0.19%, while the 144 SMA sits significantly higher at $3.01, representing a 5.89% drop.

The short-term RSI is extremely low at 20, indicating that ICP is in oversold territory, while the 7-day RSI of 44 suggests it has not yet fully transitioned into bullish momentum. Price changes over various periods illustrate a consistent downtrend, with the 30-day price change showing a significant decline of 20.91%.

The all-time high of $700.65 reached in May 2021 remains a distant target, emphasizing the considerable distance ICP has to recover. Given the current technical indicators, particularly the bearish moving averages and oversold RSI, ICP appears to be at a critical juncture.

Considering the recent price performance and market conditions, a Hold rating is recommended. While the oversold condition may present a potential for short-term rebounds, the prevailing downtrend and weak momentum suggest caution before making any buying decisions.