Internet Computer (ICP) is currently priced at $3.19, reflecting a modest 24-hour change of 0.47%. The daily trading range is tight, oscillating between a low of $3.16 and a high of $3.24, indicating limited volatility in the short term.

The volume stands at approximately 37.88 million, translating to a volume-to-market cap ratio of 2.17%, suggesting that trading activity is relatively low compared to the overall market capitalization. The hourly moving averages show a mixed performance with the 8 SMA at $3.19 down 0.08% and the 21 SMA down 0.06%, reflecting a lack of momentum in the immediate short term.

The RSI indicates a short-term bullish sentiment at 60, while the 7-day RSI is at 47, nearing the neutral zone, suggesting a potential reversal or consolidation phase. Over the past 7 days, ICP has declined by approximately 0.97%, while the 30-day trend shows a more significant drop of 6.35%, indicating underlying bearish pressure.

The all-time high of $700.65, reached in May 2021, remains a distant target, emphasizing the substantial decline from historical levels. Current price action combined with the technical indicators suggests ICP is stabilizing but faces resistance around the 144 SMA at $3.25.

Given the mixed signals from the moving averages, coupled with bearish trends over the longer term, the recommendation is to Hold. This strategy allows investors to observe potential changes in momentum while avoiding exposure to further downside risk in a volatile market.