The current price of Internet Computer (ICP) is $2.39, reflecting a slight decline of 0.82% over the last 24 hours. The daily trading range is narrow, with a high of $2.43 and a low of $2.35, indicating low volatility and a potential consolidation phase in the market.

Volume for the past 24 hours stands at approximately 36.68 million ICP, representing a 2.80% ratio of volume to market cap. This moderate volume suggests that market interest is relatively stable, but it may also indicate a lack of strong buying or selling momentum.

Technical indicators show mixed signals, with the 1-hour RSI at 46 suggesting a neutral position, while the 7-day RSI at 51 indicates slight bullish sentiment. However, the longer-term indicators are bearish, as the 14-day and 30-day price changes are -12.73% and -41.92%, respectively, reflecting a significant downtrend over the past month.

Moving averages reveal further bearish pressure, as the shorter-term SMAs (8 and 13) are just above the current price, while the longer-term SMAs (21, 55, and 144) are positioned above, creating resistance levels. The price struggles to maintain above these moving averages, and with the current price below the 21 SMA at $2.40, it indicates potential resistance at this level.

Considering the all-time high of $700.65 reached in May 2021, ICP remains significantly undervalued, but current trends show a lack of bullish momentum. The 7-day price change is slightly positive, suggesting potential short-term recovery, but the overall downtrend and lack of volume strength provide caution.

Given the mixed signals from both technical and fundamental data, a Hold rating is appropriate at this time. This position allows investors to monitor potential price recovery while avoiding further exposure to the downtrend without clear bullish signals emerging.