Internet Computer (ICP) is currently priced at $2.16, showing a 24-hour decline of 3.27%. The price fluctuated between a daily high of $2.28 and a low of $2.15, reflecting a relatively tight range of 0.13%, indicating weak volatility in the short term.

The trading volume of approximately 49.6 million suggests moderate interest, with a volume-to-market cap ratio of 4.17%. However, the recent moving averages demonstrate a bearish trend; the 8 SMA is at $2.18 (-0.70%), while the longer-term 144 SMA stands at $2.27 (-4.96%), signaling potential resistance at these levels.

The 1-hour RSI is significantly low at 21, indicating oversold conditions, while the 7-day RSI at 44 suggests a neutral trend but is edging towards bearish territory. Additionally, the price has declined over multiple timeframes: 7 days (-13.45%), 14 days (-11.35%), and 30 days (-39.97%), reflecting a strong downtrend in market sentiment.

Fundamentally, ICP is far from its all-time high of $700.65, achieved in May 2021, highlighting significant loss in value and investor confidence over time. The current market conditions combined with the negative momentum indicate a lack of strong buying interest, which could further depress prices in the near term.

Given the bearish technical indicators and sustained downtrend across multiple periods, the recommendation for Internet Computer (ICP) is to hold at this time. While there may be potential for a short-term rebound due to the oversold RSI, the overall market sentiment and moving averages suggest that a strong recovery is not imminent.