The current price of Internet Computer (ICP) stands at $4.19, reflecting a 3.93% increase over the past 24 hours. The daily range has been relatively tight, with a high of $4.30 and a low of $3.88, indicating a volatility of 0.42%.

Trading volume over the last 24 hours is reported at approximately 196 million, representing 8.64% of the market cap. This level of volume suggests moderate investor interest and liquidity, crucial for sustaining price movements in the current market environment.

Analyzing the hourly moving averages reveals that the short-term averages are trending positively, with the 8 SMA at $4.01 (+4.44%) and the 13 SMA at $4.04 (+3.60%). However, the 144 SMA is at $4.47 and shows a decline of -6.25%, which indicates potential resistance at higher price levels.

The 1-hour RSI is currently at 58, suggesting a near-neutral position with slight bullish momentum, while the 7-day RSI at 42 indicates bearish sentiment over a longer timeframe. Additionally, the 7-day price change is negative at -23.76%, and the 14-day price change further emphasizes weakness at -38.61%.

In contrast, the 30-day price change is positive at +33.50%, indicating that ICP has recently shown resilience despite the short-term bearish trends. However, the significant drop from the all-time high of $700.65 highlights the volatility and potential overvaluation seen in past market cycles.

Given the current data, the mixed signals from the moving averages and RSI readings suggest caution. The lack of a strong bullish trend alongside significant price declines in the 7 and 14-day periods leads to a cautious outlook.

Recommendation: Hold. While the short-term movement is positive, the longer-term indicators show weakness, and the resistance at higher levels may prevent sustained gains in the near future.