Internet Computer (ICP) is currently priced at $3, reflecting a 24-hour decline of 3.25%. The daily trading range was minimal, between $2.95 and $3.11, indicating a lack of volatility that may be influenced by lower trading volume, currently at approximately 79.67 million, representing 4.85% of the market cap.

Technical indicators show a bearish trend, with the hourly moving averages indicating negative performance across all SMA periods. The 8 SMA at $3.02 shows a decline of 0.63%, while the 144 SMA at $3.25 reflects a more significant drop of 7.57%, suggesting resistance levels are forming above current prices.

The Relative Strength Index (RSI) for the last hour is at 44, while the 7-day RSI is lower at 41, pointing to weak momentum and potential oversold conditions. The recent price changes indicate a bearish sentiment, with a 7-day decline of 13.61% and a more extended 14-day drop of 28.16%, which could signal continued selling pressure.

However, the 30-day price change is positive at 5.82%, suggesting potential for recovery in the medium term. Given the all-time high of $700.65 from May 2021, the current price remains significantly depressed, indicating potential long-term value, but short-term challenges persist.

In conclusion, while ICP shows some signs of recovery potential over the longer term, the immediate technical indicators and bearish momentum suggest caution. Therefore, the recommendation is to Hold ICP, allowing for a reassessment as price action stabilizes and broader market conditions improve.