The current price of Internet Computer (ICP) is $2.57, reflecting a notable 6.63% increase over the last 24 hours, indicating strong short-term bullish momentum. The price has fluctuated between a high of $2.69 and a low of $2.33 within the same period, demonstrating healthy volatility that can attract traders.

The volume traded in the last 24 hours stands at approximately 110.32 million, resulting in a volume-to-market cap ratio of 7.80%. This suggests that there is a reasonable level of market activity supporting the current price, as higher trading volume typically indicates increased interest and liquidity.

From a technical perspective, the hourly moving averages show that the 8 SMA at $2.48 is up by 3.49%, suggesting positive short-term price movement. The longer-term averages, particularly the 144 SMA at $2.21, indicate a strong upward trend with a 16.13% increase, reinforcing a bullish sentiment over a more extended timeframe.

The one-hour Relative Strength Index (RSI) is currently at 79, suggesting that ICP is overbought in the short term and may be due for a price correction. In contrast, the 7-day RSI at 56 indicates that the asset is in a neutral position, reflecting moderate strength and potential for continued upward movement without being excessively overbought.

Fundamentally, ICP has seen a price change of approximately 18.66% over the past week, suggesting a recovery phase following the previous month's decline of around 20.97%. Such movements point to a potential trend reversal, but traders should be cautious of short-term volatility as the market digests these gains.

Given the current price action, technical indicators, and volume data, a Buy rating is appropriate for ICP at $2.57. The combination of positive short-term momentum, manageable RSI levels, and supportive volume reinforces the potential for continued upward movement, although traders should remain vigilant of potential corrections in the near term.