Internet Computer (ICP) is currently priced at $2.06, reflecting a 24-hour decline of approximately 3.66%. The daily trading range is narrow, with a high of $2.16 and a low of $2.02, indicating limited volatility in the short term.

Volume stands at approximately 61.24 million, with a volume-to-market cap ratio of 5.43%, suggesting moderate interest relative to its market capitalization. The short-term moving averages show a downward trend, with the 55 SMA indicating a 3.93% decrease, which reinforces bearish momentum.

The 1-hour Relative Strength Index (RSI) is at 56, suggesting that the asset is neither overbought nor oversold in the immediate term. In contrast, the 7-day RSI is at 41, indicating potential weakness and suggesting that ICP is approaching oversold territory over a longer time frame.

The price has seen a significant decline of over 41% over the past 30 days, underscoring a bearish trend. Given the current price action and the lack of a strong reversal signal, there is a potential for further downside in the short to medium term.

Considering the technical indicators and the ongoing downward price action, the recommendation is to Hold ICP at this time. A clear bullish reversal signal is necessary to consider a Buy, while any further decline below the recent low of $2.02 could trigger a Sell signal.