Internet Computer (ICP) is currently priced at $4.01, reflecting a 24-hour decline of 3.53%. The daily range has been narrow, with a low of $3.99 and a high of $4.18, indicating limited volatility in recent trading sessions.

The trading volume stands at approximately 104.4 million, with a volume-to-market cap ratio of 4.80%, suggesting moderate liquidity. The short-term moving averages are all indicating bearish trends, particularly the 55 SMA, which is down 3.86%, reinforcing a bearish sentiment in the market.

Technical indicators reveal an hourly RSI of 30, placing ICP in oversold territory, which could suggest a potential rebound. However, the 7-day RSI at 49 indicates a lack of momentum, and the 14-day price change of -32.13% signifies a prolonged downtrend.

Fundamentally, the cryptocurrency has experienced a significant decline from its all-time high of $700.65, reached in May 2021, indicating a loss of investor confidence. The recent 7-day and 14-day price changes of -13.59% and -32.13% highlight the ongoing struggle for ICP to gain traction.

Given the current price action, bearish moving averages, and the negative momentum reflected in the RSI readings, the outlook remains cautious. Despite the potential for a short-term rebound due to oversold conditions, the overall trend suggests further downside risks.

Based on this analysis, a Hold rating is recommended. This position allows investors to observe potential price stabilization or a reversal before committing to a Buy or Sell action.