Internet Computer (ICP) is currently trading at $2.08, having experienced a 24-hour decline of 5.36%. The daily price range has been limited, with a high of $2.21 and a low of $2.03, indicating a lack of volatility in the short term.

Volume stands at approximately 58.63 million, representing 5.14% of the market cap, suggesting moderate trading activity. The moving averages indicate a bearish trend, with the 8 SMA at $2.08 down 0.13%, and further declines noted in longer-term averages, highlighting a persistent downward momentum.

Technical indicators such as the 1-hour RSI at 40 and the 7-day RSI at 42 suggest that the asset is nearing oversold conditions, yet it has not yet triggered a buying signal. The 7-day and 14-day price changes of -13.11% and -15.16%, respectively, reflect ongoing negative sentiment, compounded by a steep 30-day decline of 40.03%.

Given that ICP is significantly off its all-time high of $700.65, investor sentiment remains bearish as the asset struggles to regain upward traction. The recent price action and technical indicators point to a lack of immediate buying interest, indicating potential further declines in the near term.

Based on this analysis, a Sell rating is warranted due to the consistent downtrend in price, weak volume relative to market cap, and negative RSI readings that suggest a lack of bullish momentum. The current market conditions do not support a buying opportunity, and investors should consider exiting positions until more favorable technical signals emerge.