Internet Computer (ICP) is currently priced at $3.28, experiencing a significant 24-hour change of 12.05%. The asset reached a high of $3.47 and a low of $2.89 within the same period, indicating notable volatility and increased trading activity, as evidenced by a volume of approximately 155.74 million.

The hourly moving averages reflect a bullish trend, with the 8 SMA at $3.12 showing a 5.15% increase, and the longer-term moving averages also displaying positive momentum. However, the 7-day RSI stands at 52, suggesting a neutral position, while the 1-hour RSI of 71 indicates that ICP is nearing overbought territory, which could lead to short-term corrections.

From a broader perspective, the 7-day and 14-day price changes are negative, at -0.20% and -6.51%, respectively, indicating that ICP has faced downward pressure in the recent weeks. Moreover, the 30-day price change of -30.19% highlights a significant decline, suggesting that the asset is still in a bearish trend despite the recent bounce.

The daily trading volume to market cap ratio of 8.70% indicates healthy trading activity relative to its market capitalization, which could support further price action if buying pressure continues. Nevertheless, the all-time high of $700.65 remains a distant target, emphasizing the long-term challenges ICP faces in regaining investor confidence.

Given the current bullish momentum reflected in the short-term technical indicators, alongside the recent positive price action, the recommendation is to Buy ICP. However, traders should remain cautious of potential corrections given the overbought conditions indicated by the 1-hour RSI and the longer-term bearish trends.