Internet Computer (ICP) is currently trading at $3.68, reflecting a significant 24-hour decline of 7.36%. The price has fluctuated between a high of $4.01 and a low of $3.55 within the last day, indicating a daily trading range of 0.46%.

Volume stands at 164,595,501, representing 8.26% of the market cap, which suggests moderate trading activity relative to its overall market size. The short-term moving averages show mixed signals, with the 8 SMA and 13 SMA indicating upward momentum, while the longer 21 SMA, 55 SMA, and 144 SMA indicate bearish trends.

The 1-hour Relative Strength Index (RSI) is at 31, suggesting that ICP may be oversold in the short term. In contrast, the 7-day RSI at 43 indicates that there is still room for further downside before reaching oversold conditions, as it is still below the neutral threshold of 50.

On a broader scale, the price has decreased by approximately 9.93% over the past week and 26.36% over the last 14 days, reflecting a bearish trend. However, the 30-day price change shows a gain of 8.31%, indicating potential support levels might be forming after a prior uptrend.

Considering the current market dynamics and the recent performance indicators, ICP exhibits characteristics of a bearish trend with potential short-term recovery signals. The mixed moving averages suggest indecision in the market, and the oversold conditions could lead to a corrective bounce.

Given the recent sharp declines and the overall trend, a cautious approach is warranted. Therefore, the rating for Internet Computer (ICP) is a Hold, as investors should monitor for signs of stabilization or further declines before making new commitments.