Internet Computer (ICP) is currently priced at $2.47, reflecting a significant 6.40% increase over the past 24 hours. The asset reached a daily high of $2.47, with a low of $2.32, indicating a tight daily range of 0.15%.

Trading volume has seen a notable uptick at 55,835,893, representing 4.12% of its market capitalization. The hourly moving averages are trending positively, with the 8 SMA at $2.42 (+2.15%) and the 144 SMA at $2.38 (+3.72%), suggesting bullish momentum in the short term.

The 1-hour Relative Strength Index (RSI) stands at 68, approaching overbought territory, while the 7-day RSI is neutral at 51. This divergence indicates that short-term buyers are active, but caution is warranted as the longer-term sentiment appears less favorable, given the 14-day price change of -13.25% and a significant decline of -41.97% over the past month.

Despite the recent surge, ICP is trading significantly below its all-time high of $700.65 set in May 2021. The lack of sustained upward movement in the longer timeframe (30-day price change) indicates persistent bearish sentiment and potential resistance at higher price levels.

Given the short-term positive trends against a backdrop of longer-term declines, the current market conditions suggest a Hold rating. This strategy allows investors to assess further market developments while avoiding potential overextension in the face of a recovering but still fragile price environment.