The current price of Internet Computer (ICP) is $3.27, reflecting a 24-hour decline of 2.67%. The daily price movement has been relatively narrow, with a high of $3.37 and a low of $3.22, indicating low volatility during this period.

Trading volume stands at approximately 66.88 million, translating to a market cap volume ratio of 3.74%. This volume, while decent, suggests that investor interest is waning, as evidenced by the downward price movement over the past week, which shows a 12.17% decline.

Technical indicators reveal that all short-term moving averages (8, 13, 21, and 55 SMA) are below the current price, indicating bearish momentum. Notably, the 144 SMA is significantly above the current price at $3.45, suggesting that ICP may face resistance in recovering towards that level.

The 1-hour Relative Strength Index (RSI) is at 50, indicating neutral momentum, while the 7-day RSI is at 43, suggesting that ICP is approaching oversold territory. This could indicate a potential reversal, but the prevailing downtrend must be considered.

Over the past 14 days, ICP has seen a price change of -7.93%, further emphasizing the bearish trend, despite a modest 30-day price increase of 6.77%. The significant disparity in shorter-term performance versus the longer-term outlook could signal underlying instability.

Considering the current bearish trend supported by technical indicators and recent price action, the recommendation for Internet Computer (ICP) is to Hold. A wait-and-see approach is advisable until clearer bullish signals or reversal patterns emerge, as the current market sentiment remains negative.