Internet Computer (ICP) is currently trading at $3.66, reflecting a slight 24-hour decline of 0.15%. The daily price range has been tight, with a high of $3.76 and a low of $3.53, indicating limited volatility in the current market environment.

Volume over the past 24 hours stands at approximately 118.49 million, with a volume-to-market cap ratio of 5.91%, suggesting relatively active trading but still below a highly liquid threshold. The moving averages indicate a bearish trend; the 8 SMA and 13 SMA are both below their respective values from the previous day, while the 55 SMA shows a notable decline of 0.70%.

The 1-hour RSI of 37 indicates that ICP is currently in oversold territory, which could signal a potential short-term rebound. In contrast, the 7-day RSI at 46 shows that the asset is nearing neutral territory, while the 14-day change of 16.67% suggests recent positive momentum after a longer downtrend.

The price has dropped nearly 14.80% over the past week, yet it has gained approximately 22.69% in the past 30 days, reflecting a short-term recovery phase. However, the significant disparity with the all-time high of $700.65 indicates the asset has a long way to go before regaining investor confidence.

Given the technical indicators and recent price action, the asset appears to be consolidating within a range, exhibiting both oversold conditions and potential resistance levels. With the bearish sentiment from short-term moving averages and declining RSI, a conservative approach is warranted.

Rating: Hold. The asset's recent recovery over the past month provides some optimism, but current technical indicators suggest caution due to ongoing bearish trends and resistance.