Internet Computer (ICP) is currently trading at $2.47, reflecting a 2.42% increase over the last 24 hours. The price has oscillated between a high of $2.69 and a low of $2.33 during this period, indicating a relatively tight daily range of 0.36%.

The trading volume stands at 116,305,044, which constitutes 8.56% of its market cap, suggesting moderate liquidity. The short-term moving averages indicate a bearish trend, with the 8 SMA at $2.58 showing a 4.36% decline, while the 21 SMA is slightly above the current price, indicating potential resistance.

The RSI metrics show a neutral sentiment, with the 1-hour RSI at 56 and the 7-day RSI at 54, reflecting a balanced market state. Over the past week, ICP has shown a positive price change of approximately 14.40%, indicating recent upward momentum, although the 30-day price change reflects a decline of around 23.13%, which may signal longer-term weakness.

The all-time high for ICP remains significantly distant at $700.65, which indicates substantial room for growth, but also highlights the volatility and risk inherent in this asset. The current price levels suggest that there is resistance around the $2.58 level, with support likely at the $2.40 mark based on the 55 SMA.

Given the recent positive price action and the potential for a rebound, the outlook for ICP appears cautiously optimistic. However, the longer-term trend shows considerable volatility and a significant drop from the all-time high, which should not be overlooked.

Based on this analysis, I recommend a Hold rating for ICP at this time. The price action suggests potential for short-term gains, but the overall trend remains uncertain, warranting a cautious approach.