Internet Computer (ICP) is currently trading at $4.66, reflecting a 24-hour decline of 1.23%. The daily price range has been relatively narrow, with a high of $5.12 and a low of $4.67, indicating limited volatility during this period.

Volume stands at 301,714,793, representing 11.93% of the market cap, which suggests moderate trading activity. The hourly moving averages are all trending downward, with the 8 SMA at $4.92 and the 55 SMA at $5.01, indicating that the short-term sentiment remains bearish.

The 1-hour RSI is at 30, signaling that ICP is oversold in the short term. In contrast, the 7-day RSI at 46 suggests that the asset is approaching neutral territory, while the longer-term metrics show significant declines, with a 14-day price change of -35.16%.

Over the past 7 days, ICP has dropped by 20.47%, reinforcing a bearish trend. However, the 30-day price change of +44.30% indicates potential for recovery if momentum shifts positively.

Given that ICP is significantly below its all-time high of $700.65, the current price still reflects a long-term downtrend. While the oversold conditions may present a short-term buying opportunity, the broader market indicators and negative price trends suggest caution.

Considering the technical indicators and recent price action, I rate ICP as a Hold. This rating reflects the current oversold status, but the ongoing bearish trend and significant past declines warrant careful monitoring before considering a buying position.