Internet Computer (ICP) is currently trading at $5.13, reflecting a 24-hour change of -5.00%. The daily trading range has been relatively tight, with a high of $5.93 and a low of $5.06, indicating a market struggling for direction amidst a moderate trading volume of approximately $682 million.

The volume/market cap ratio stands at 24.59%, suggesting a decent level of trading activity relative to its market capitalization. However, the hourly moving averages show a bearish trend, with all significant moving averages (8 SMA, 13 SMA, 21 SMA) below the current price, indicating potential resistance levels around $5.35 to $5.50.

Technical indicators further support a bearish outlook, as the 1-hour RSI is at 32, signaling oversold conditions, while the 7-day RSI at 45 reflects continued downward momentum. The 7-day price change of -17.97% and 14-day change of -10.38% highlight a recent negative trend, although the 30-day change of +65.49% suggests a strong recovery from prior lows.

Given the significant decline over the past week and the bearish indicators in the short term, ICP appears to be facing resistance. Unless there is a notable reversal in market sentiment or a breakout above the recent highs, the current bearish trend may continue.

In conclusion, the recommendation for ICP is to Hold. This position is advised due to the mixed signals from technical indicators and recent price action, which suggests caution before making further investment decisions.