Internet Computer (ICP) is currently priced at $4.28, reflecting a significant decline of 7.01% over the past 24 hours. The daily trading range has been narrow, oscillating between a high of $4.74 and a low of $4.15, indicating potential price consolidation or indecision among traders.

Volume stands at approximately 300 million, with a volume-to-market cap ratio of 12.95%, suggesting a relatively active trading environment but not overly bullish. The short-term moving averages (8 SMA at $4.28) are now closely aligned with the current price, while longer-term averages show a bearish trend, with the 55 SMA at $4.76 and the 144 SMA at $5.03 indicating downward pressure.

The RSI metrics provide further insight into market sentiment; the 1-hour RSI is at 30, indicating oversold conditions, while the 7-day RSI at 45 shows a more neutral stance. Over the past week, ICP has experienced a sharp decline of approximately 20.85%, and a staggering 42.78% drop over the past two weeks, reflecting sustained bearish sentiment.

Despite a notable 30-day increase of 43.16%, the overall trend remains negative as longer-term indicators suggest further downside potential. The all-time high of $700.65, reached in May 2021, highlights the volatility and potential for recovery, but current price action shows no immediate signs of a bullish reversal.

Given the bearish trend in moving averages, low RSI readings, and recent price declines, the recommendation is to Sell. Short-term traders may benefit from taking profits or cutting losses to avoid further decline, while long-term holders might consider waiting for a clearer reversal signal before re-entering the market.