The current price of Internet Computer (ICP) stands at $2.98, reflecting a slight decline of 0.05706% over the past 24 hours. The daily price has fluctuated between $2.95 and $3.04, indicating a narrow trading range of only 0.09%, which suggests low volatility and subdued trading interest.

Volume has reached approximately 66.7 million, representing 4.10% of the market cap, which indicates moderate liquidity. The hourly moving averages suggest a bearish short-term trend as the 8 SMA shows a minor increase, while the longer moving averages indicate downward pressure, especially the 55 SMA at $3.02, reflecting a decline of 1.29%.

The 1-hour RSI is currently at 43, suggesting that ICP is approaching oversold conditions, while the 7-day RSI at 49 indicates a neutral momentum. The 7-day price change of -1.42% and the more significant declines over 14 days (-14.75%) and 30 days (-25.58%) illustrate a sustained bearish trend, which may deter new investors.

The all-time high of $700.65 reached in May 2021 serves as a stark reminder of the current valuation's disparity, highlighting the drastic decline in investor sentiment. This prolonged downtrend indicates that market participants remain cautious, as evidenced by the lower RSI readings and a lack of bullish momentum.

Given the current technical indicators, the market's low volatility, and the bearish price trend over the medium term, a cautious approach is warranted. Thus, the recommendation is to Hold ICP for now, as the asset shows potential for recovery only if it can decisively break above the $3.00 level with increased volume and positive sentiment in the broader crypto market.