Internet Computer (ICP) is currently priced at $3.68, reflecting a notable 24-hour decline of approximately 9.76%. The daily trading range has been narrow, fluctuating between a low of $3.66 and a high of $4.08, indicating limited volatility in the short term.

The trading volume stands at 149,714,652, with a volume-to-market cap ratio of 7.43%, suggesting moderate interest relative to market capitalization. Short-term moving averages are bearish; the 8 SMA is at $3.84 (-4.26%), the 13 SMA at $3.89 (-5.42%), and the 21 SMA at $3.97 (-7.28%), indicating continued selling pressure.

The 1-hour RSI is extremely low at 20, suggesting that ICP is oversold in the very short term, while the 7-day RSI at 49 indicates a neutral position. Price changes over longer periods reflect relative stability, with a 7-day increase of 12.43%, a 14-day increase of 8.74%, and a 30-day increase of 17.06%, signaling potential for recovery.

However, the all-time high of $700.65 from May 2021 underscores significant historical volatility and speculative potential. The current price remains significantly below this level, indicating a challenging environment for recovery in the long term.

Considering the current oversold condition indicated by the 1-hour RSI and the historical context, ICP presents a potential rebound opportunity for traders looking to capitalize on short-term fluctuations. However, the persistent bearish trend in moving averages and a recent steep decline necessitate caution.

Overall, the market sentiment appears negative in the immediate term, but longer-term indicators show some resilience. Therefore, a Hold rating is appropriate, as traders should monitor for signs of stabilization before considering a Buy position.