Internet Computer (ICP) is currently trading at $2.69, reflecting a 24-hour change of 2.81%. The price movement shows a daily range of $2.56 to $2.83, indicating some volatility but overall stability within this range.

The trading volume over the past 24 hours stands at approximately $105.72 million, which corresponds to a volume-to-market cap ratio of 7.15%. This suggests moderate trading activity but lacks the intensity needed for significant upward momentum, particularly given the broader market context.

Technical indicators reveal mixed signals; the 1-hour RSI is at 57, suggesting near-term bullish sentiment, while the 7-day RSI at 39 indicates potential bearish conditions. Moving averages also reflect divergence; the 8 SMA is slightly below the current price, while the longer 144 SMA shows a significant decline of 9.02% from current levels.

The price has shown negative performance over longer time frames, with a 7-day decline of 20.1% and a 14-day decline of 32.4%. This extended downturn raises concerns about the sustainability of any short-term gains, as broader market pressures appear to be weighing heavily on ICP.

Overall, while the recent upward movement is a positive indicator, the prevailing trend remains bearish with significant losses over the past month. Given the mixed technical indicators and the negative price changes over longer periods, the recommendation for ICP is a Hold, as potential for recovery exists, but caution is warranted due to the overall market conditions.