As of the latest data, Internet Computer (ICP) is trading at $2.39, reflecting a 24-hour decline of 2.84%. The price fluctuated within a daily range of $2.28 to $2.56, indicating a relatively stable trading environment with a narrow daily range of 0.28%.

The trading volume stands at 89,060,774, representing 6.79% of the market cap, suggesting a moderate level of trading activity. The short-term moving averages indicate mixed signals, with the 8 and 13 SMA showing positive trends, while the 21 and 55 SMA suggest downward pressure.

The 1-hour Relative Strength Index (RSI) at 42 indicates that ICP is nearing oversold territory, which could signal a potential rebound. Conversely, the 7-day RSI at 54 suggests that the asset is in a neutral zone, with recent price changes reflecting a 6.99% increase over the past week, contrasting with a more pronounced decline of 21.53% over the past 30 days.

Given the stark difference in short-term and long-term price trends, the current technical setup indicates a potential for recovery in the short term, yet concerns persist due to the longer-term downtrend. The all-time high of $700.65 from May 2021 highlights the drastic decline in value, reinforcing the volatility inherent in ICP.

In conclusion, while ICP shows signs of potential short-term recovery, the overall trend remains bearish with significant resistance levels above the current price. Therefore, the recommendation is to Hold ICP at this stage, monitoring for further bullish signals or confirmation of upward momentum before considering new positions.