Internet Computer (ICP) is currently priced at $4.16, reflecting a slight increase of 0.26413% over the past 24 hours. The daily trading range has been narrow, with a high of $4.22 and a low of $4.01, indicating low volatility in the short term.

Trading volume stands at 145,407,870, which constitutes 6.46% of the market cap, suggesting a moderate level of trading activity relative to market capitalization. The hourly moving averages show a bullish trend in the short term, with the 8, 13, and 21 SMA all above $4.10, indicating positive momentum, while the 55 SMA at $4.15 is showing minimal upward movement.

However, the longer-term indicators reveal more bearish sentiment, particularly with the 144 SMA at $4.66 showing a significant decline of 10.72%. The 7-day RSI is at 40, indicating that the asset is nearing oversold territory, while the 14-day price change of -43.72% reflects substantial downward pressure.

Historically, ICP reached an all-time high of $700.65 in May 2021, but current levels are drastically lower, indicating a significant correction. The 30-day price change of +31.54% suggests a recent recovery phase, although the 7-day price change of -14.95% raises concerns about continued downward momentum.

In summary, ICP's current market activity suggests a mixed outlook. The short-term bullish signals are overshadowed by longer-term bearish trends and significant losses over the past two weeks.

Given the current market dynamics and technical indicators, a Hold rating is appropriate. While short-term momentum is positive, the broader downtrend and RSI levels suggest caution before making new investments.