Internet Computer (ICP) is currently trading at $3.98, reflecting a 24-hour decline of 5.59%. The asset experienced a daily high of $4.24 and a low of $3.94, indicating a tight daily range of 0.3%, which may suggest diminished volatility in the short term.

The trading volume over the past 24 hours stands at 133,261,339, with a volume-to-market cap ratio of 6.11%, showing moderate interest from traders. Technical indicators reveal a bearish sentiment as the 8 SMA is at $4.04 (-1.50%), while longer-term moving averages, like the 55 SMA at $4.25 (-6.35%), indicate that the price is under pressure relative to these averages.

The one-hour RSI at 21 signals oversold conditions, which may lead to a short-term bounce, but the 7-day RSI at 56 suggests the medium-term trend remains neutral. Over the past week, ICP has seen a price increase of approximately 25.33%, demonstrating recent strength, but the price is still significantly below its all-time high of $700.65.

Given the combination of bearish short-term moving averages and the oversold hourly RSI, ICP faces resistance around $4.04 to $4.25. However, the positive price changes over the past month indicate potential for recovery if market conditions improve.

Based on the current technical setup and market sentiment, the recommendation is to Hold ICP at this moment. While there is potential for short-term gains, the prevailing bearish momentum suggests caution before committing to new positions.