Internet Computer (ICP) is currently trading at $3.83, reflecting a 2.57% increase over the last 24 hours. The price has oscillated between $3.63 and $3.86 within the same timeframe, indicating a relatively tight daily range of 0.23%.

Trading volume stands at 119,815,626, with a volume-to-market cap ratio of 5.78%, suggesting moderate investor interest. The hourly moving averages indicate a bullish short-term trend, with the 8 SMA, 13 SMA, and 21 SMA all showing upward momentum, while the 144 SMA indicates a slight bearish deviation.

The 1-hour RSI is at 75, indicating that ICP is approaching overbought conditions, which may lead to a price correction in the near term. In contrast, the 7-day RSI sits at 46, suggesting that the asset is near neutral territory and has potential for recovery after recent losses.

Over the past week, ICP has seen a decline of approximately 7.82%, while the 14-day and 30-day price changes show declines of 23.53% and 22.46%, respectively. This consistent downward pressure indicates that ICP has been facing significant selling pressure, contributing to its recent price volatility.

Given the historical context, ICP remains far from its all-time high of $700.65, set in May 2021. This stark contrast highlights the long-term challenges facing ICP, as the market sentiment continues to grapple with the asset's valuation.

Considering the current technical indicators and the bearish trend over the longer term, a cautious approach is warranted. Therefore, the recommendation for Internet Computer (ICP) is to Hold, as the asset displays short-term bullish signals but remains subject to potential corrections and underlying bearish pressure.