Internet Computer (ICP) is currently trading at $2.37, reflecting a 24-hour decline of 4.78%. The price movement has been constrained within a daily range of $2.08 to $2.53, indicating volatility but also potential resistance at the higher end.

The trading volume over the past 24 hours stands at approximately 154.66 million, with a volume-to-market cap ratio of 11.87%, suggesting a moderately active market. Moving averages reveal mixed signals; while the shorter-term 8 SMA and 13 SMA are showing gains, the longer-term 55 SMA and 144 SMA indicate bearish trends, with declines of 5.39% and 9.48%, respectively.

The 1-hour RSI is at 63, indicating short-term bullish momentum, whereas the 7-day RSI at 44 suggests a potential oversold condition. Price changes over varying time frames further highlight a bearish trend, with 7-day, 14-day, and 30-day price changes at -22.25%, -33.78%, and -28.63%, respectively, suggesting sustained downward pressure.

Given the current price relative to the moving averages and RSI indicators, ICP appears to be in a corrective phase. While there may be opportunities for short-term gains, the longer-term outlook remains concerning due to significant price declines over the last month.

In conclusion, the market conditions indicate a cautious approach. Given the mixed signals and ongoing bearish trends, the recommendation for ICP is to Hold, allowing for potential recovery while monitoring for signs of reversal or further declines.