Internet Computer (ICP) is currently priced at $3.18, reflecting a slight decrease of 0.8988% over the past 24 hours. The daily price has fluctuated between a high of $3.28 and a low of $3.05, indicating a relatively stable trading range of 0.23% in this period.

Trading volume stands at approximately 78.73 million, with a volume-to-market cap ratio of 4.55%, suggesting moderate trading activity relative to its market capitalization. Short-term moving averages are showing positive trends, with the 8 SMA at $3.13 (+1.55%) and the 13 SMA at $3.14 (+1.35%), indicating some upward momentum.

However, the 21 SMA at $3.16 (+0.48%) and the longer-term averages, such as the 55 SMA ($3.22 -1.37%) and 144 SMA ($3.36 -5.28%), show that the price is still under pressure in the longer term. The 1-hour RSI of 51 suggests a neutral momentum, while the 7-day RSI at 47 indicates potential weakness, as it is nearing oversold territory.

Over the last week, ICP has seen a price decline of 9.84%, and it has dropped 11.36% over the past two weeks, showcasing ongoing bearish sentiment. The longer-term trend is even more pronounced with a staggering 40.07% decrease in the last 30 days, reflecting significant market pressure and investor sentiment challenges.

Despite its all-time high of $700.65 in May 2021, ICP has struggled to maintain upward momentum, emphasizing its current undervaluation compared to historical peaks. Given the technical indicators showing mixed signals alongside persistent downward price pressure, the outlook remains cautious.

Considering the current market dynamics, the recommendation is to Hold ICP at this time. The short-term positive moving averages provide some support, but the longer-term trends and negative price changes indicate further potential risks, warranting a wait-and-see approach.