The current price of Internet Computer (ICP) is $3.42, reflecting a 24-hour decline of 7.26%. Over the past day, ICP has traded between $3.40 and $3.71, indicating a daily range of only 0.31%, which signifies limited volatility in the recent trading session.

The volume of 83,780,875 suggests a relatively active trading environment, with a volume-to-market cap ratio of 4.52%. However, the recent price movements show a bearish trend, with significant declines over the past 7, 14, and 30 days, recorded at -16.60%, -18.83%, and -33.77%, respectively, indicating prolonged negative sentiment.

From a technical perspective, the short-term moving averages reflect a consistent downward trend, with the 8 SMA at $3.61 showing a decline of 5.29%. The 1-hour RSI is at 20, indicating that ICP is oversold in the short term, while the 7-day RSI at 42 suggests a lack of momentum for a bullish reversal.

Given the substantial losses over multiple time frames and the bearish indicators from moving averages, the outlook remains negative. The inability to sustain higher prices and the current oversold condition may lead to a short-term rebound, but the overall market sentiment does not support a strong recovery.

Based on this analysis, I recommend a Sell rating for ICP. The persistent downtrend and lack of bullish signals indicate that further declines may be imminent, making it prudent to exit positions rather than hold or buy at this stage.