Internet Computer (ICP) is currently priced at $3.48, reflecting a 24-hour change of -3.17%. The daily price range remains narrow, with a high of $3.62 and a low of $3.42, indicating limited volatility in the short term.

The volume traded in the past 24 hours stands at approximately 78.7 million, contributing to a volume-to-market cap ratio of 4.12%. The short-term moving averages reveal mixed signals; the 8 SMA is slightly positive, while the longer-term 55 SMA shows a notable decline of 3.15%, indicating bearish sentiment.

Technical indicators such as the 1-hour RSI at 48 and the 7-day RSI at 45 suggest that ICP is nearing oversold territory, yet still lacks strong bullish momentum. Additionally, the 7-day price change of -12.07% contrasts sharply with the 30-day increase of 12.93%, highlighting recent bearish pressure despite longer-term recovery.

Fundamentally, the all-time high of $700.65 suggests significant long-term potential, yet the current price indicates a steep decline from that peak. Market participants may be cautious, as the recent price movement and RSI readings signal a potential downturn.

Given the current technical indicators and recent price performance, I recommend a Hold rating for ICP. The mixed signals from moving averages and RSI suggest that while the price may stabilize in the short term, the overall bearish trend requires further confirmation before making a buy decision.