Internet Computer (ICP) is currently priced at $3.64, reflecting a 24-hour decline of 2.17%. The daily trading range has been relatively tight, with a high of $3.77 and a low of $3.53, indicating limited volatility in the short term.

The volume over the past 24 hours stands at approximately 129.45 million, equating to a volume-to-market cap ratio of 6.50%. The hourly moving averages show a bearish trend, with the 8 SMA at $3.66 and declining, while the longer-term 144 SMA is significantly higher at $3.96, suggesting potential resistance above current price levels.

Short-term momentum indicators reflect a neutral stance, with the 1-hour RSI at 49, indicating no immediate overbought or oversold conditions. However, the 7-day RSI at 44 suggests a bearish momentum trend, compounded by a 17.47% price decline over the past week, which may signal further downside risk.

In contrast, the 14-day price change shows a more optimistic increase of 13.32%, while the 30-day change stands at a robust 20.03%. This discrepancy indicates potential short-term weakness despite a more favorable medium-term outlook, suggesting a lack of conviction among traders.

With the current price significantly below its all-time high of $700.65, there's ample room for growth, but market conditions are currently not supportive. The recent price action, coupled with bearish moving averages, warrants caution for new positions.

Given the current technical indicators and market sentiment, a Hold rating is appropriate. This rating reflects the balance of short-term bearishness against the longer-term potential for recovery, recommending investors observe market developments before making significant trading decisions.