Internet Computer (ICP) is currently trading at $3.49, reflecting a slight increase of 0.25% over the last 24 hours. The daily trading range has been tight, with a high of $3.52 and a low of $3.35, indicating relatively stable price action amidst moderate volume of 82,967,579, which accounts for 4.39% of its market cap.

Short-term moving averages show a slight bullish sentiment, with the 8 SMA at $3.45, the 13 SMA at $3.44, and the 21 SMA at $3.45 all indicating upward momentum. However, the 55 SMA at $3.48 and the 144 SMA at $3.62 suggest resistance levels that may hinder any significant upward movement in the near term.

The 1-hour RSI sits at 55, indicating neutral momentum, while the 7-day RSI at 47 suggests a potential bearish trend in the short term. Notably, the 7-day price change is down approximately 3.65%, and the 14-day price change reflects a more substantial decline of about 15.67%, further emphasizing a weakening trend over the past two weeks.

On a longer-term basis, ICP has seen a staggering decline of around 61.83% over the past 30 days, which significantly contrasts with its all-time high of $700.65 reached on May 10, 2021. This drastic drop highlights the ongoing volatility and risk associated with ICP, indicating that traders should exercise caution.

Given the current market conditions and the negative trends observed in the longer-term price changes, the outlook for ICP remains cautious. Therefore, a Hold rating is advised, as the potential for short-term gains is present, but significant resistance levels and overall bearish momentum suggest a wait-and-see approach may be prudent for investors.