Internet Computer (ICP) is currently trading at $2.67, reflecting a slight increase of 0.91% over the past 24 hours. The price has fluctuated between $2.59 and $2.77 in this period, indicating a relatively narrow daily range of 0.18%, which suggests low volatility in the market.

Trading volume stands at approximately 106.99 million ICP, representing 7.32% of its market capitalization. The moving averages indicate a bearish trend, particularly with the 55 SMA at $2.85 down 6.21%, and the 144 SMA at $3.07 down 13.00%, suggesting significant resistance levels above the current price.

Technical indicators reveal that the 1-hour RSI is at 35, indicating a potential oversold condition, while the 7-day RSI at 38 further confirms the bearish sentiment in the medium term. Price changes over the last 7 days, 14 days, and 30 days are notably negative, with declines of approximately 19.98%, 35.74%, and 12.99%, respectively.

Fundamentally, ICP's all-time high remains at $700.65, highlighting a significant disconnect from current levels and emphasizing the asset's long-term volatility. The ongoing decline in price and the bearish moving averages suggest a lack of bullish momentum, indicating that the market sentiment is currently unfavorable.

Given the technical indicators and the fundamental outlook, ICP is currently in a downtrend with weak momentum. Therefore, the recommendation is to Hold, as a clearer trend reversal or bullish signal needs to emerge before considering a Buy, while a Sell is premature given the potential for short-term recovery.