Internet Computer (ICP) is currently trading at $3.36, experiencing a 24-hour decline of 4.19%. The daily price range has been narrow, fluctuating between a high of $3.55 and a low of $3.35, indicating limited volatility in recent trading sessions.

Volume stands at 53,849,081, representing 2.97% of the market cap, which suggests a moderate level of trading activity. The short-term moving averages (SMA) are all trending downward, with the 8 SMA at $3.47 and the 21 SMA at $3.49, signaling bearish momentum in the near term.

The 1-hour RSI is at 26, indicating oversold conditions, while the 7-day RSI is at 45, suggesting a lack of bullish momentum. The 7-day price change shows a decline of 15.62%, alongside a 14-day drop of 18.43%, reflecting ongoing bearish sentiment.

The 30-day price performance is particularly concerning, with a significant decrease of 56.39%. The all-time high of $700.65 established in May 2021 highlights the extensive depreciation ICP has experienced since its peak.

Given the downward trajectory in both price and momentum indicators, the current market conditions are unfavorable for new positions. The combination of oversold conditions and persistent declines suggests a cautious approach is warranted.

Rating: Sell. The technical indicators and significant price drop over various time frames imply continued downward pressure, making it inadvisable to enter or hold ICP positions at this time.