Internet Computer (ICP) is currently trading at $2.43, reflecting a 4.71% increase over the last 24 hours. The price has fluctuated between $2.29 and $2.47 during this period, indicating a daily range of 0.18%, which is relatively stable.

Trading volume stands at approximately 54.66 million, representing 4.11% of the market cap, suggesting a moderate level of investor activity. The short-term moving averages are showing positive momentum, with the 8-period SMA at $2.41 (+0.80%) and the 13-period SMA at $2.39 (+1.73%), indicating bullish sentiment in the near term.

However, longer-term indicators show a different picture; the 7-day RSI is at 48, which suggests a lack of strong momentum in either direction. More concerning are the 14-day and 30-day price changes, down 21.47% and 30.80% respectively, indicating a significant bearish trend over the past weeks.

Given the current price level compared to its all-time high of $700.65, ICP remains substantially undervalued, with a long-term potential for recovery. Nonetheless, the current upward movement might be a short-term bounce rather than a sustained rally, as reflected by the 7-day RSI approaching neutral territory.

In summary, while ICP shows some positive short-term momentum with a recent price increase and higher trading volumes, the longer-term bearish trends and lack of strong RSI support suggest caution. Therefore, the recommendation is to Hold ICP, as investors should await clearer signals of sustained upward momentum before considering a Buy.