Internet Computer (ICP) is currently trading at $3.60, reflecting a 24-hour decline of 5.17%. The daily trading range has been narrow, with a high of $3.86 and a low of $3.59, indicating weak volatility and market interest.

Trading volume stands at approximately 87.34 million, translating to a volume-to-market cap ratio of 4.48%. This relatively low volume indicates a lack of strong buying interest, which is further corroborated by the negative 7-day price change of 11.14% and a 14-day drop of 22.21%.

Moving averages suggest a bearish trend, with the 8 SMA at $3.69 showing a 2.33% decline, while longer-term averages, such as the 144 SMA at $3.82, indicate a 5.66% drop. The consistently declining moving averages across multiple time frames reflect a sustained downtrend, reinforcing bearish sentiment.

The Relative Strength Index (RSI) readings paint a concerning picture, with the 1-hour RSI at 23 indicating oversold conditions, while the 7-day RSI at 43 suggests that the asset is approaching neutral territory but remains weak. This lack of momentum in both short and medium terms supports a cautious outlook for ICP.

Given the substantial historical decline from its all-time high of $700.65 and the ongoing downward pressure in both price action and momentum indicators, the outlook remains negative.

Based on the current technical and fundamental data, a Sell rating is warranted for ICP, as the asset shows no signs of immediate recovery and continues to face bearish conditions.