The current price of Internet Computer (ICP) is $2.72, reflecting a slight 24-hour change of 1.06%. The price has demonstrated a daily range between $2.55 and $2.75, indicating some volatility but limited movement within this range, which may attract short-term traders.

Trading volume stands at approximately $76.65 million, with a volume-to-market cap ratio of 5.15%. This suggests moderate interest in the asset relative to its market cap, which can indicate potential for upward momentum if buying interest increases.

The short-term moving averages are showing positive trends: the 8 SMA is at $2.67 (+1.74%), the 13 SMA at $2.66 (+2.22%), and the 21 SMA at $2.67 (+1.89%). However, the longer-term 144 SMA at $2.82 is down 3.46%, which signals that ICP is struggling to maintain upward momentum over a longer time frame.

The 1-hour RSI is neutral at 51, suggesting that the asset is neither overbought nor oversold in the short term. Conversely, the 7-day RSI at 44 indicates that ICP is approaching oversold territory, which could suggest a potential bounce if buying pressure resumes.

Over the past week, ICP has seen a price decline of approximately 16.71%, while the 14-day and 30-day changes show declines of 26.97% and 15.90%, respectively. These substantial drops indicate bearish sentiment and a lack of sustained buyer interest, which may pose a risk for new investments at current levels.

Given the current price position relative to moving averages, coupled with declining momentum indicators and significant historical losses, the outlook remains cautious. Therefore, the recommendation for ICP is a Hold rating, as investors should closely monitor for signs of stabilization or reversal before making new investments.