Internet Computer (ICP) is currently priced at $2.66, showing a significant decline of 11.48% over the past 24 hours. The daily trading range has been narrow, with a high of $3.01 and a low of $2.59, indicating a bearish sentiment prevailing in the market.

Volume for ICP stands at approximately 134.6 million, translating to a volume-to-market cap ratio of 9.29%, which is relatively healthy but not enough to spark a reversal in the current trend. The moving averages show a consistent downtrend, with the 8 SMA at $2.84 indicating a decline of 6.42%, while the longer-term 144 SMA at $3.17 is down 16.02%, underscoring weak price momentum.

The 1-hour RSI is critically low at 7, suggesting that ICP is heavily oversold in the short term, while the 7-day RSI at 40 reflects continued weakness in the mid-term. A 7-day price change of -23.81% and a 14-day decline of -33.81% further confirm the ongoing downtrend, raising concerns about investor confidence.

Fundamentally, the price remains drastically lower than its all-time high of $700.65, indicating significant long-term challenges. The market appears to be reacting to broader crypto market conditions, which have been bearish, with ICP suffering disproportionately from negative sentiment.

In conclusion, while the extremely low RSI indicates potential for a short-term rebound, the overall trend remains bearish with significant resistance levels above the current price. Given the current data and the prevailing market conditions, a Sell rating is warranted as there is limited upside potential in the near term.