Internet Computer (ICP) is currently priced at $2.56, reflecting a 24-hour decline of 6.69%. The asset has traded within a daily range of $2.55 to $2.76, indicating limited volatility with a daily range of only 0.21%.

Volume stands at approximately 74.34 million, translating to a volume-to-market cap ratio of 5.30%. This suggests moderate trading activity but indicates a lack of strong bullish momentum, as evidenced by the recent price performance.

The hourly moving averages are all showing a downtrend, with the 8 SMA at $2.60, down 1.72%, and the 144 SMA at $2.75, down 6.81%. This consistent decline across all moving averages suggests bearish sentiment in the short to medium term.

The 1-hour RSI is at 40, indicating potential oversold conditions, while the 7-day RSI is slightly lower at 43, reflecting ongoing weakness. The price has also seen significant declines over various time frames, with a 7-day change of -18.55%, a 14-day change of -29.81%, and a 30-day change of -25.39%.

Given the substantial distance from its all-time high of $700.65, the current price reflects a significant devaluation. The lack of bullish signals, combined with the negative momentum indicators, supports a cautious outlook for ICP.

Based on this data-driven analysis, I recommend a Sell rating for ICP. The prevailing bearish trend, combined with weak volume and declining moving averages, suggests further downside risk in the short term.