The current price of Internet Computer (ICP) is $3.95, reflecting a 24-hour change of -3.84%. The price has fluctuated between a daily high of $4.38 and a low of $3.71, indicating a relatively tight daily range of 0.67%, suggesting some price stability in the short term despite the recent decline.

Volume stands at 312,180,683, with a volume-to-market cap ratio of 14.43%, which signifies healthy trading activity. The moving averages show a downward trend, with the 8 SMA at $4.04 (-2.35%) and the 13 SMA at $4.06 (-2.70%), indicating short-term selling pressure that could influence further price movement.

The 1-hour RSI at 53 suggests neutral momentum, while the 7-day RSI also at 53 indicates that the asset is neither overbought nor oversold. Over the past week, ICP has experienced a significant price increase of 25.52%, alongside a 15.78% increase over 14 days and a 29.51% rise over 30 days, demonstrating robust bullish sentiment in the medium term.

Despite the recent price drop, the momentum indicators are showing strength, which could attract buyers looking for entry points. However, the current trading below key moving averages suggests that resistance levels are forming around $4.04 to $4.09, which must be overcome for a bullish reversal.

Given the recent price action, coupled with the current resistance levels and neutral momentum indicators, a Hold rating is appropriate. Investors should observe for a breakout above the $4.04 resistance or further downward movement before making any significant trading decisions.