Internet Computer (ICP) is currently trading at $3.48, reflecting a minor decline of 0.25% over the past 24 hours. The daily price fluctuation has remained narrow, with a high of $3.52 and a low of $3.35, indicating low volatility and a lack of strong directional momentum.

The trading volume stands at approximately 66.98 million, corresponding to a market cap volume ratio of 3.55%, suggesting moderate trading activity relative to its market capitalization. Moving averages reveal mixed signals; while the short-term 8 SMA and 13 SMA show upward trends, longer-term averages like the 144 SMA indicate a bearish sentiment, down 4.16%.

In terms of momentum indicators, the 1-hour RSI at 50 suggests a neutral market stance, while the 7-day RSI of 47 points towards slight bearish pressure. The recent price changes over 7 days, 14 days, and 30 days are notably negative, with declines of 12.03%, 15.26%, and a significant 53.38%, respectively, indicating a longer-term downtrend.

Given the substantial distance from the all-time high of $700.65 and the recent price action, ICP appears to be in a prolonged bearish phase. The lack of positive momentum, coupled with weak performance metrics over the past month, suggests further downside risk.

Considering the current technical indicators, the overall market sentiment, and the extended period of price decline, a rating of Sell is warranted. Investors should exercise caution and consider exiting positions, as the absence of bullish signals does not support a recovery in the near term.