Internet Computer (ICP) is currently trading at $2.41, having experienced a significant 10.36% increase over the last 24 hours. The daily price range has been relatively tight, with a low of $2.18 and a high of $2.56, indicating volatility but also a potential consolidation phase in the short term.

The trading volume of 115,552,346 suggests active market participation, with a volume-to-market cap ratio of 8.73%, reflecting decent liquidity. Short-term moving averages show mixed signals; while the 55 SMA and 144 SMA are positive, the 8, 13, and 21 SMAs indicate slight bearish trends, suggesting indecision among traders.

The 1-hour RSI of 35 indicates that ICP is approaching oversold conditions, which could lead to a price rebound if buying interest increases. However, the 7-day RSI at 56 shows that momentum has recently turned positive, but the 14-day price change is negative at -1.75%, indicating underlying weakness in the medium-term outlook.

In the context of its historical performance, ICP remains significantly below its all-time high of $700.65, suggesting long-term bearish sentiment. The 30-day price change of -25.91% further supports this view, indicating persistent downward pressure despite recent short-term gains.

Given the current technical indicators and mixed momentum signals, ICP appears to be in a short-term recovery phase but faces considerable resistance above the $2.50 mark. Therefore, the recommendation is to Hold ICP, as the market shows potential for short-term gains while remaining cautious about the overall bearish trend in the medium to long term.