The current price of Internet Computer (ICP) is $3.04, reflecting a 24-hour change of -1.29%. The daily trading range has been relatively narrow, with a high of $3.13 and a low of $3.02, indicating limited volatility in the short term.

Volume over the past 24 hours stands at approximately 43.2 million, translating to a volume-to-market cap ratio of 2.61%. This suggests moderate trading activity, but the declining price trend and low trading volume may indicate waning interest from buyers.

Technical indicators reveal bearish sentiment, with the 8, 13, and 21 Simple Moving Averages (SMAs) all declining. The hourly Relative Strength Index (RSI) is currently at 42, which suggests that ICP is nearing oversold territory, while the 7-day RSI at 50 indicates a neutral market condition.

From a longer-term perspective, the 7-day price change is down by 0.70%, and the 14-day change shows a decline of 2.34%. More concerning is the 30-day price change, which reflects a significant drop of 24.79%, suggesting a sustained bearish trend that investors need to consider.

Given that ICP is trading significantly below its all-time high of $700.65, the current market sentiment remains weak. The combination of declining moving averages, low volume, and bearish price action leads to a cautious outlook for the asset in the near term.

Based on this analysis, I recommend a Sell rating for ICP. The persistent downward trend, coupled with negative momentum indicators, suggests that further price declines are likely, making it prudent for investors to exit their positions until more favorable market conditions arise.