The current price of Internet Computer (ICP) stands at $3.07, exhibiting a modest 24-hour change of 0.76%. The daily trading range has been tight, with a high of $3.08 and a low of $3.01, indicating limited volatility in the short term.

Trading volume has reached approximately 48 million, translating to a volume-to-market cap ratio of 2.87%. This suggests a relatively active trading environment, although it remains below the threshold often indicative of strong buying or selling pressure.

Analyzing the hourly moving averages, the 8 SMA, 13 SMA, and 21 SMA are all positioned slightly above $3.04, reflecting a bullish short-term trend. The 55 SMA and 144 SMA also show positive momentum, indicating overall market support at these levels.

The 1-hour RSI is at 63, suggesting that ICP is approaching overbought territory, while the 7-day RSI of 51 indicates a neutral position over a longer period. However, both the 7-day and 14-day price changes reveal a downward trend, with declines of approximately 6.68% and 6.44% respectively.

The 30-day price change shows a significant decrease of around 24%, underscoring a bearish sentiment in the market over the past month. This broader trend could weigh on investor confidence, as the asset is still far below its all-time high of $700.65.

Given the current data, ICP exhibits some short-term bullish signs with upward movement in moving averages, but the longer-term indicators reflect a bearish sentiment and price decline. Therefore, the recommendation is to Hold at this time, allowing for further observation of price action and market sentiment before making any decisive trading moves.