Internet Computer (ICP) is currently trading at $2.46, reflecting a 1.47% increase over the past 24 hours. The price has oscillated between a low of $2.41 and a high of $2.50 during the same period, indicating a relatively tight daily range of 0.09%.

The trading volume stands at approximately 57.96 million, which constitutes about 4.31% of the market cap, suggesting moderate interest in the asset. Moving averages present a mixed picture; while the 8 SMA and 13 SMA show positive momentum, the 55 SMA is flat and the 144 SMA indicates a bearish trend with a -2.09% change.

The 1-hour RSI is at 51, suggesting a neutral market sentiment, while the 7-day RSI at 47 indicates bearish pressure as it approaches oversold conditions. Additionally, the price has experienced significant declines over longer periods, with a 7-day drop of approximately 5.79%, a 14-day decline of 25.81%, and a 30-day drop of about 21.94%.

With the all-time high of $700.65 from May 2021 looming large over current valuations, the asset remains significantly undervalued. However, the substantial losses over the past month highlight a persistent bearish trend that traders should be cautious of.

Considering the technical indicators and recent price action, a Hold rating is recommended for ICP. This decision is based on the neutral RSI readings and the potential for a short-term recovery given the minor uptick in the last 24 hours, balanced against the longer-term bearish trends.