Internet Computer (ICP) is currently priced at $3.11, reflecting a 24-hour decline of 5.01%. The daily trading range has been tight, with a high of $3.29 and a low of $3.10, indicating a lack of volatility in the short term.

Volume has been moderate at approximately 66.79 million, which is 3.92% of the market cap, suggesting a reasonable level of trading activity. However, the recent price movements indicate a bearish trend, with the 7-day price change down 16.21% and the 14-day change at -27.67%, signaling ongoing selling pressure.

Technical indicators show bearish sentiment, with hourly moving averages trending down; the 8 SMA is at $3.18 (-2.15%) and the 55 SMA at $3.27 (-4.81%). The RSI readings further support this, with the 1-hour RSI at 32, indicating potential oversold conditions, while the 7-day RSI at 41 shows a lack of upward momentum.

Fundamentally, ICP has experienced significant declines from its all-time high of $700.65, reflecting investor skepticism and market challenges. The recent negative price trends over various time frames suggest a cautious outlook as the cryptocurrency struggles to gain traction.

Given the current data, the recommendation for ICP is to Hold. The oversold RSI may indicate a potential for short-term recovery, but the overall trend and significant declines in the medium term suggest that significant resistance remains at higher levels. A clearer bullish signal would require stabilization above the 55 SMA and a reversal in price trends.