Internet Computer (ICP) is currently priced at $4.28, reflecting a significant 24-hour decline of 13.84%. The daily trading range has been relatively tight, with a low of $4.15 and a high of $4.98, indicating volatility is contained but the downward trend is pronounced.

Trading volume stands at approximately $322 million, representing 13.93% of its market cap, suggesting active trading but with bearish sentiment dominating the market. The short-term moving averages indicate a consistent downtrend, with the 8 SMA at $4.45 showing a decline of 3.74% and the longer 144 SMA at $5.06 down by 15.44%, indicating persistent selling pressure.

The RSI metrics reveal that the 1-hour RSI is significantly low at 23, suggesting potential oversold conditions in the very short term, while the 7-day RSI is at 45, indicating a neutral market sentiment but still leaning towards bearish. In terms of price performance, ICP has decreased by over 24% in the past week and has lost almost 44% over the last 14 days, underscoring a strong bearish trend.

While there was a notable 30-day gain of approximately 41.56%, this appears to be a retracement phase after the recent decline, with the prevailing market sentiment likely to push prices lower. Given the all-time high of $700.65, current valuations are extremely depressed, but the lack of upward momentum and bearish indicators suggest further downside risk.

Considering the technical indicators, including the negative movement in both short and long-term moving averages, and the weak RSI levels, the outlook remains bearish. Therefore, a Sell rating is appropriate at this time, as the price is likely to face further declines before any potential recovery can be confirmed.