Internet Computer (ICP) is currently priced at $2.30, experiencing a 24-hour decline of 4.42%. The daily price range has been tight, fluctuating between a low of $2.28 and a high of $2.47, indicating a lack of strong buying or selling pressure.

The volume over the past 24 hours stands at approximately 63.41 million, which represents 5.01% of the market cap, suggesting moderate trading activity. The hourly moving averages show a bearish trend, with the 8 SMA at $2.32 indicating a slight decline of 0.98%, while the longer-term averages reflect more significant losses, especially the 144 SMA at $2.40, down 4.09%.

The 1-hour RSI is at 43, approaching the oversold territory but not yet indicating an immediate reversal. The 7-day RSI at 48 confirms that ICP is in a neutral zone, but the recent 14-day price change of -22.36% highlights a longer-term bearish sentiment.

In the context of historical performance, ICP remains significantly below its all-time high of $700.65, indicating considerable downside risk. The 30-day price change of -37.05% emphasizes the overall downtrend and lack of investor confidence in the short to medium term.

Given the technical indicators and the ongoing bearish sentiment, the current market environment does not support a bullish outlook for ICP. The combination of declining moving averages, weak RSI readings, and substantial negative price momentum suggests that holding or selling is more prudent than buying at this moment.

Rating: Sell. The analysis indicates continued downward pressure on ICP, with no immediate signs of recovery or reversal in sentiment.