Internet Computer (ICP) is currently trading at $3.61, reflecting a 24-hour decline of 3.12%. The price has fluctuated between a high of $3.76 and a low of $3.60 within this period, indicating a tight daily range of 0.16%.

The trading volume stands at approximately 85.94 million, accounting for 4.35% of the market capitalization. Moving averages indicate downward pressure, with the 8, 13, and 21 SMA all showing declines of around 1.5%, while the 144 SMA is down 6.92%, suggesting a bearish trend over the longer term.

Momentum indicators like the 1-hour RSI at 41 and the 7-day RSI at 45 suggest the asset is nearing oversold conditions, which could signal a potential reversal. However, the 7-day price change of -13.99% indicates ongoing selling pressure, while the 14-day and 30-day changes of 14.59% and 19.62%, respectively, reflect recent recovery attempts.

Despite the recent downturn, ICP remains significantly below its all-time high of $700.65, highlighting the volatility and long-term challenges it faces. The price action over the past month shows some resilience, but the lack of sustained upward momentum raises concerns about immediate future performance.

Considering the technical indicators and the overall trend, ICP appears to be in a bearish phase, warranting caution. A Buy/Hold/Sell rating of "Hold" is appropriate at this time, as there may be short-term opportunities for recovery, but broader market sentiment and technical signals do not favor aggressive buying.