Internet Computer (ICP) is currently priced at $2.18, reflecting a 24-hour change of -2.63%. The daily trading range is narrow at 0.12%, indicating low volatility, with a trading volume of approximately 46.88 million, translating to a volume/market cap ratio of 3.92%.

The hourly moving averages present a bearish trend, as the shorter-term 8 SMA at $2.18 is slightly above the 13 SMA at $2.20, which is declining at -0.75%. The 21 SMA is also down by -1.55%, suggesting selling pressure, and longer-term averages indicate a significant downtrend, with the 55 SMA and 144 SMA showing declines of -5.35% and -8.54%, respectively.

Momentum indicators such as the 1-hour RSI at 36 and the 7-day RSI at 45 suggest that ICP is nearing oversold conditions, yet it has not reversed upward. The 7-day price change of -8.01% and the 30-day change of -40.49% highlight a persistent downtrend, indicating weak buyer interest.

With the all-time high of $700.65 achieved in May 2021, current levels represent a significant drawdown and reflect bearish market sentiment. The current price is well below key resistance levels and moving averages, reinforcing the lack of bullish momentum.

Given the current technical indicators and fundamental performance, a Sell rating is recommended. The consistent downtrend, coupled with weak momentum and low trading volume, suggests that further declines could occur before any potential recovery.