Internet Computer (ICP) is currently priced at $2.69, showing a slight 24-hour increase of 1.11%. The daily trading range is relatively narrow, fluctuating between a low of $2.62 and a high of $2.83, indicating low volatility in the short term.

The trading volume stands at approximately 80.7 million, translating to a volume-to-market cap ratio of 5.48%, which is moderate and suggests that market interest is present but not overwhelming. The hourly moving averages indicate mixed sentiment: the 8 SMA shows a slight upward trend, while the 13 and 21 SMAs indicate a minor decline, reflecting indecision among traders.

The short-term RSI metrics are concerning, with the 1-hour RSI at 34, indicating oversold conditions, while the 7-day RSI is at 40, approaching the oversold threshold. Additionally, the price has decreased significantly over the last 7, 14, and 30 days, with losses of 18.52%, 28.20%, and 14.90% respectively, pointing to a bearish trend over these time frames.

The all-time high of $700.65 reached in May 2021 remains a distant benchmark, highlighting the drastic decline in value since then. Current price action reflects a market struggling to find support, as evidenced by the significant negative changes over various periods.

Given the current technical indicators and the bearish trend reflected in both RSI metrics and price changes, the outlook for ICP remains pessimistic in the short to medium term. Therefore, the recommendation is to Hold, as the potential for a recovery may exist if it can stabilize above the $2.70 mark; however, further declines could suggest re-evaluation for a Sell signal.