Internet Computer (ICP) is currently priced at $3.25, reflecting a slight decline of 0.52% over the last 24 hours. The asset has seen a daily range between $3.24 and $3.31, indicating low volatility with a daily range of only 0.07%, suggesting a market lacking strong momentum.

The trading volume stands at approximately 39.26 million, representing 2.22% of the market capitalization, which indicates moderate liquidity. The short-term moving averages show a bearish trend, with the 8 SMA at $3.29 down 1.08%, and the 55 SMA at $3.32 reflecting a more pronounced decline of 2.20%, signaling weakness in price support.

The Relative Strength Index (RSI) metrics are also indicative of a bearish sentiment, with the 1-hour RSI at 44 and the 7-day RSI at 46, both suggesting the asset is approaching oversold territory but not yet confirming a reversal. Over the past week, ICP has decreased by 6.53%, and the 14-day change shows a sharper decline of 18.67%, reinforcing the bearish outlook.

In terms of longer-term performance, ICP has experienced a significant drop of 45.67% over the last 30 days, highlighting ongoing selling pressure. With the all-time high of $700.65 in May 2021, the current price reflects a substantial retracement, indicating a loss of investor confidence and market interest.

Given the current technical indicators and the ongoing bearish trend, a cautious approach is warranted. Therefore, the rating for Internet Computer (ICP) is a Hold, as the price may stabilize in the short term, but the lack of bullish momentum and persistent downtrends suggest further downside risk in the longer term.