Internet Computer (ICP) is currently trading at $3.41, reflecting a 24-hour change of 1.86%. The daily range has been relatively tight, with a high of $3.46 and a low of $3.35, indicating limited volatility during this period.

The volume over the last 24 hours stands at approximately $65.4 million, with a volume-to-market cap ratio of 3.54%, suggesting moderate trading activity. The hourly moving averages show mixed signals: while the 8 SMA is slightly positive, the 13 and 55 SMAs indicate minor declines, and the 144 SMA reflects a more significant downward trend.

The 1-hour RSI is at 40, indicating a potential oversold condition in the short term, while the 7-day RSI at 48 suggests the asset is nearing a neutral position. However, the 7-day, 14-day, and 30-day price changes are all negative, highlighting a bearish trend with declines of approximately 3.91%, 17.38%, and 45.47% respectively.

Given the overall technical indicators and the recent performance, ICP appears to be in a consolidation phase with insufficient bullish momentum. The long-term trend remains negative, and the asset is significantly below its all-time high of $700.65.

Based on the current analysis, I recommend a Hold rating for ICP. The lack of strong upward momentum and the overall bearish sentiment in the market indicate that investors may want to wait for more favorable conditions before making new positions.