Internet Computer (ICP) is currently trading at $3.22, experiencing a 24-hour decline of 3.38%. The daily trading range has been narrow, with a high of $3.34 and a low of $3.19, reflecting low volatility in the market.

Volume stands at approximately 64.7 million, contributing to a market cap volume ratio of 3.67%. The price has shown significant downward momentum over the past week and 14 days, with declines of 13.64% and 27.81%, respectively, suggesting bearish sentiment among traders.

Technical indicators reveal that the short-term moving averages (8 SMA, 13 SMA, 21 SMA) are all trading below the current price, indicating a potential downward trend. The 55 SMA and 144 SMA also reflect negative momentum, with percentages of -2.39% and -5.29%, respectively, reinforcing the bearish outlook.

The 1-hour RSI is currently at 41, and the 7-day RSI is at 43, both indicating the asset is approaching oversold territory. However, these readings suggest a lack of buying pressure, which could lead to further declines if selling continues.

Given the significant price decline over multiple time frames and the lack of bullish signals from both moving averages and RSI, the market sentiment remains negative. The overall trend suggests that ICP is facing continued selling pressure, limiting the potential for upward movement in the near term.

Based on the current analysis, I recommend a Sell rating for Internet Computer (ICP). The downward price action combined with weak technical indicators indicates that a further price drop is likely, and traders should consider exiting positions to avoid potential losses.