Internet Computer (ICP) is currently trading at $2.64, reflecting a 24-hour decline of 1.11%. The daily range has been tight, with a high of $2.83 and a low of $2.56, indicating limited volatility in the current market environment.

The trading volume over the past 24 hours stands at approximately 105.81 million, representing 7.31% of the market cap, which suggests moderate activity relative to its market size. Moving averages indicate bearish momentum, with the 8 SMA at $2.72 showing a 2.85% decline and the 144 SMA at $2.93 indicating a more substantial drop of 10.04%.

Technical indicators reflect a weak short-term momentum, as evidenced by the 1-hour RSI at 45, approaching the neutral zone. The 7-day RSI is notably lower at 39, which indicates that ICP is in a bearish trend with potential oversold conditions after a 21.28% price drop over the past week.

Fundamentally, ICP has seen significant depreciation in value since its all-time high of $700.65 in May 2021, suggesting a prolonged downtrend. The 14-day and 30-day price changes of -31.01% and -16.06% respectively, further confirm a consistent downward trajectory in price performance.

Given the current technical indicators, including moving averages, RSI values, and recent price action, the market sentiment appears to be bearish. There is insufficient evidence to support a bullish reversal in the near term, with potential for further downside.

Overall, considering the analysis of technical indicators and the bearish trend in price action, the recommendation for Internet Computer (ICP) is to Hold. This strategy allows investors to reassess the market conditions while avoiding potential losses from further declines.