Internet Computer (ICP) is currently trading at $3.00, experiencing a 24-hour decline of 1.56%. The daily price range has been relatively narrow, fluctuating between a high of $3.07 and a low of $2.90, indicating subdued trading activity.

The volume over the past 24 hours stands at approximately 64.56 million, with a volume-to-market cap ratio of 3.98%. This suggests that while trading volume is decent, it does not reflect a strong commitment from buyers or sellers, particularly as the price remains near its lower end.

Looking at the short-term moving averages, the 8-period SMA is at $2.97 and shows a positive trend of 1.11%, while the longer 55-period SMA is at $3.08 and reflects a decline of 2.75%. The mixed signals from the moving averages indicate potential indecision in the market, with short-term momentum slightly favoring bullish sentiment.

The RSI indicators present a more cautious picture, with the 1-hour RSI at 51, signaling neutrality, while the 7-day RSI sits at 48, indicating a slight bearish sentiment. Furthermore, the 7-day price change shows a decline of over 10%, and the 14-day and 30-day changes are even more severe, at -33.36% and -30.47% respectively, suggesting a longer-term downtrend.

Fundamentally, ICP remains significantly below its all-time high of $700.65 set in May 2021, highlighting a substantial loss of investor confidence over the long term. The current price action, coupled with the declining moving averages and weak RSI, suggests that ICP is struggling to attract buyers.

Given the current technical indicators, including a bearish trend over the past month and a lack of strong support levels, the recommendation is to Sell. This rating is reinforced by the persistent downtrend and the inability of ICP to recover above key moving averages, indicating that further declines may be imminent.