Internet Computer (ICP) is currently priced at $3.02, reflecting a minor decline of 0.64% over the last 24 hours. The price has fluctuated between a high of $3.12 and a low of $2.98 in the same timeframe, indicating a tight daily range of 0.14%.

Trading volume stands at approximately 60.58 million, corresponding to a volume-to-market cap ratio of 3.67%, which is relatively low and may suggest limited buying interest. The hourly moving averages are showing bearish trends, with the 8 SMA at $3.03 and the 13 SMA at $3.04, both indicating slight downward momentum.

The 1-hour Relative Strength Index (RSI) is currently at 42, suggesting that ICP is nearing oversold territory but has not yet reached it. Conversely, the 7-day RSI at 51 indicates a neutral position, while the 14-day RSI shows a bearish sentiment, given the 14-day price change of -11.57%.

Looking at longer-term performance, ICP has declined significantly by approximately 27.63% over the past month, reflecting a continuing downtrend. However, it has shown some resilience with a 7-day price change of 5.51%, indicating a potential short-term recovery phase amidst longer-term challenges.

The all-time high for ICP was recorded at $700.65 on May 10, 2021, highlighting the substantial depreciation from that peak. Current technical indicators suggest a cautious approach, as the asset remains well below historical highs and is navigating a challenging price environment.

Considering the current technical indicators, trading volume, and price action, I assign a Hold rating for ICP. The asset shows potential for short-term gains but remains entrenched in a broader downtrend, warranting caution before committing to a Buy.