Internet Computer (ICP) is currently trading at $3.52, experiencing a 3.47% increase in the past 24 hours. The price has fluctuated between $3.40 and $3.59 in this timeframe, indicating a relatively tight daily range of 0.19%.

The trading volume stands at approximately $76.15 million, with a volume-to-market cap ratio of 4.00%, suggesting moderate liquidity. Technical indicators show mixed signals; the hourly moving averages are predominantly above the current price, with the 55 SMA indicating a bearish trend at $3.60 and the 144 SMA at $3.69 showing a further bearish outlook.

The 1-hour RSI is at 59, indicating bullish momentum in the short term, while the 7-day RSI at 44 suggests that ICP may be approaching oversold territory. Despite a recent 7-day price drop of nearly 11.89% and a 30-day decline of 46.27%, the current price action shows a potential recovery.

Given the current price trend and technical indicators, ICP is experiencing short-term upward pressure, though long-term trends remain negative. The mixed signals from moving averages and relative strength indices suggest caution, particularly given the substantial declines over the past month.

In conclusion, a cautious **Hold** rating is recommended for ICP. While there are short-term bullish signs, the longer-term trend remains bearish, and the recent price changes indicate uncertainty in market sentiment.