The current price of Internet Computer (ICP) stands at $2.32, reflecting a slight 24-hour decline of 1.91%. The daily trading range has been relatively tight, with a high of $2.40 and a low of $2.29, indicating limited volatility in recent trading sessions.

Volume over the past 24 hours is approximately 48.87 million, contributing to a volume-to-market cap ratio of 3.85%. This suggests moderate trading activity, but it may not be sufficient to drive significant price movement, especially given the bearish sentiment reflected in the price changes over the past week and month.

The moving averages show a bearish trend, with the shorter-term 8 SMA at $2.31 indicating a slight upward movement, while the longer-term averages (55 SMA at $2.38 and 144 SMA at $2.41) are declining, suggesting ongoing selling pressure. The RSI levels are concerning; the 1-hour RSI at 35 indicates oversold conditions, while the 7-day RSI at 48 shows that momentum is weak but not yet oversold on a longer time frame.

Over the last week, ICP has seen a significant price drop of approximately 14.56%, and over the last 30 days, the decline has been around 26.28%. This consistent downtrend, coupled with the current price being far from its all-time high of $700.65, indicates a lack of bullish momentum and investor confidence.

Given the technical indicators and recent performance trends, the recommendation for Internet Computer (ICP) is a Hold. The current price may not present a compelling buying opportunity due to the prevailing bearish sentiment and lack of substantial bullish signals. Caution is advised, as further declines could be possible in the short term if market conditions do not improve.