Internet Computer (ICP) is currently priced at $3.22, reflecting a slight 24-hour decline of 0.07277%. The daily trading range has remained tight, between $3.22 and $3.37, indicating a low volatility environment with a volume of 76,638,368, which corresponds to a volume-to-market cap ratio of 4.35%.

The moving averages indicate a bearish trend, with the 8 SMA at $3.27 down 1.38%, and the longer-term 144 SMA at $3.42 down 5.76%. This downward momentum is further emphasized by the 1-hour RSI at 29, suggesting oversold conditions, while the 7-day RSI at 43 indicates a lack of buying pressure over the week.

Looking at price changes, ICP has dropped 11.34% over the last week and 19.96% over the last two weeks, although it has gained 8.30% over the past month. This mixed performance highlights potential short-term weakness but does show some resilience over a longer timeframe.

Given the current technical indicators, the bearish trend in moving averages, and the oversold conditions reflected in the RSI, the outlook remains cautious. However, the recent monthly gain may indicate a possible stabilization point.

Overall, while ICP may be oversold, the prevailing trend suggests further downside risk before any significant rebound. Therefore, the recommendation is to Hold ICP, monitoring for potential bullish signals before considering a buy.