Internet Computer (ICP) is currently trading at $2.20, reflecting a slight 24-hour change of 0.82%. The daily price range has been tight, with a low of $2.13 and a high of $2.20, indicating low volatility in the short term.

The trading volume over the last 24 hours stands at approximately 55.34 million, which represents 4.58% of the market cap, suggesting moderate interest from traders. The hourly moving averages are showing slight upward momentum, particularly in the shorter timeframes (8, 13, and 21 SMA), while the 144 SMA indicates a bearish trend, down 4.73% from recent levels.

The 1-hour Relative Strength Index (RSI) is at 61, suggesting the asset is nearing overbought territory, while the 7-day RSI at 42 indicates potential bearish pressure in the medium term. Furthermore, ICP has faced significant price declines over the past 7 days (-9.70%), 14 days (-9.62%), and 30 days (-40.56%), reflecting a longer-term downtrend.

Given the current technical indicators and fundamental data, ICP is showing signs of stabilization but lacks strong bullish momentum to suggest a significant turnaround. The combination of short-term upward movement alongside long-term bearish trends presents a cautious outlook for traders.

Overall, a Hold rating is appropriate for ICP at this time. Traders should monitor for any breakout above the 144 SMA at $2.31, which could signal a potential reversal, while continued weakness below $2.13 could prompt further selling pressure.