Internet Computer (ICP) is currently priced at $3.09, reflecting a 2.86% increase over the past 24 hours. The daily trading range is tight, with a high of $3.11 and a low of $2.97, indicating limited volatility in the short term.

The trading volume stands at approximately $70.29 million, constituting 4.17% of the market cap, suggesting a moderate level of trading activity. Short-term moving averages indicate bullish momentum with the 8 SMA at $3.05, 13 SMA at $3.03, and 21 SMA at $3.02 all showing positive trends, while the 55 SMA at $3.10 displays a slight downturn.

The 1-hour RSI is at 65, indicating a near-overbought condition, while the 7-day RSI at 42 suggests that ICP may be oversold in the medium term. Recent price changes show a 15.27% decline over the past week and a significant 37.37% drop over the last month, reflecting bearish sentiment.

Despite the recent upward movement in price, the overall trend remains negative due to the substantial declines in the 7 and 14-day periods. The all-time high of $700.65 underscores the vast potential of ICP, but the current price trajectory suggests a need for caution.

In conclusion, while short-term indicators are showing some bullish momentum, the broader context reveals significant bearish pressure in the medium to long term. Therefore, I recommend a Hold rating on ICP, as potential buyers should wait for more definitive bullish signals or a stabilization in the broader trend before entering the market.